by Charles Purdy | Jun 29, 2022
The dollar has strengthened across the board this morning as recession fears have boosted its safe haven appeal. Poor economic data releases from the US did not prevent the dollar from strengthening. The consumer confidence index dropped to its lowest level in 16...
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by Charles Purdy | Jun 29, 2022
The euro is weaker against the pound and the dollar this morning ahead of a preliminary estimate of German inflation for June, which is due to be released later today. Early data suggests that inflation may have slowed in June, which has caused the euro to weaken....
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by Charles Purdy | Jun 29, 2022
After weakening since the beginning of the week, the pound is slightly stronger against the euro but still trading around lower levels against the dollar. It was weighed down by dollar and euro strength, as well as Brexit woes. The UK government tabled a bill on...
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by Charles Purdy | Jun 29, 2022
Today, a panel discussion featuring European Central Bank President Christine Lagarde, Bank of England Governor Andrew Bailey and Federal Reserve Chairman Jerome Powell will take place at the ECB’s annual conference on central banking in Sintra, Portugal. The markets...
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by Charles Purdy | Jun 29, 2022
Sterling has weakened against the US dollar and strengthened against the euro over the last couple of days, following the recent pattern. Comparing the performance of both GBP and EUR against the US dollar, both are down almost 12% over the past year. To be fair, all...
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