by Charles Purdy | Jul 4, 2022
The pound rebounded and recovered against the euro on Friday and is trading around the same levels this morning. It is weaker against the dollar after falling throughout the course of last week. Manufacturing PMI released on Friday afternoon showed that growth in the...
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by Charles Purdy | Jul 4, 2022
The pound is still weaker against the dollar and trading around the same levels against the euro this morning, after a small rebound at the end of last week. It’s a busy week ahead for economic data releases, with PMI figures expected across the board. This data will...
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by Charles Purdy | Jul 1, 2022
After losing a little strength against the euro yesterday, the dollar is once again on the front foot against the euro and the pound as markets await key PMI figures. Yesterday saw personal income remain unchanged in May, at 0.5%, while personal spending fell to 0.2%,...
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by Charles Purdy | Jul 1, 2022
The euro has strengthened slightly against the pound but remains weaker against the dollar following poor economic data which has amplified fears of a technical recession. Along with worse-than-expected retail sales data for Germany, French inflation increased by more...
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by Charles Purdy | Jul 1, 2022
After strengthening against the euro yesterday, sterling is weaker this morning. Against the dollar, the pound is nearing a yearly low as markets continue to seek safe-haven currencies. As the UK economy continues to suffer from rising inflation – which is forecast to...
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