by Christopher Nye | May 18, 2022
The pound has weakened slightly against the euro and the dollar following UK inflation figures. This morning, data was released showing that UK inflation rose to a 40-year high of 9% year-on-year in April. The figure was slightly below market expectations of 9.1%. The...
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by Charles Purdy | May 18, 2022
After gaining almost 1% against the euro and 2% against the dollar in a single day yesterday, sterling has been knocked by this morning’s inflation figures. UK inflation hit a 40-year high of 9%, just below what markets predicted, driven mainly by soaring energy...
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by Charles Purdy | May 17, 2022
The dollar slipped back fractionally against the pound and euro yesterday as a ‘risk on’ sentiment moved money away from the safer haven currencies There were no major data releases yesterday, but later today we’ll hear about retail sales for April, which are expected...
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by Charles Purdy | May 17, 2022
Europe’s waning trade balance (a deficit of €16.4bn) was one of the factors working against the euro yesterday. However, there has been a modest recovery against USD this morning. It’s all been downhill for the single currency against the pound at the moment, with a...
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by Charles Purdy | May 17, 2022
Sterling is very much on the up this morning, following on from a positive day yesterday but boosted by excellent data on jobs and earnings, overall. This was despite dire warnings from Andrew Bailey yesterday on the challenges facing the country from inflation. That...
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