by Charles Purdy | Jul 5, 2022
Sterling enjoyed a relatively stable Monday, barely moving against most of its major rivals. However that has all changed this morning as revised S&P Global CIPS PMI data took the markets by surprise. Against the US dollar the pound has weakened by half a cent...
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by Charles Purdy | Jul 5, 2022
Sterling remained stable against the euro yesterday in a quiet day for global trading, as US markets closed for Independence Day. After a brief blip at midday, GBP/USD also returned to where it started the day. So far this morning, however, there has been rapid...
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by Charles Purdy | Jul 4, 2022
While sterling has remained reasonably strong against the euro over the past year, against the US dollar it has fallen to around its lowest for most of our lifetimes. The reasons for that are many and varied, and not just due to developments in the UK such as Brexit,...
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by Charles Purdy | Jul 4, 2022
The dollar remains strong against most currencies this morning as it continues to benefit from its status as a safe haven currency. Fears of slow economic growth are supporting the greenback. These fears were heightened after data released on Friday, which showed that...
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by Charles Purdy | Jul 4, 2022
The euro is weaker against the dollar this morning, after falling towards the end of last week. Data released on Friday revealed that eurozone inflation surged to a record high in June, supporting expectations that the European Central Bank will hike interest rates...
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