by Charles Purdy | Feb 7, 2022
The end of last week was spectacular on the currency markets as sterling reached its highest point against the euro for nearly six years, before collapsing to its lowest for six weeks. Volatility has been in the air as central banks wrestle with how to control...
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by Charles Purdy | Feb 4, 2022
The dollar is weak against a basket of currencies this morning ahead of the release of non-farm payrolls later today. The report is expected to show that 150,000 jobs were added to the US economy in January, down from 199,000 in December. Expectations are fairly low,...
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by Charles Purdy | Feb 4, 2022
The euro strengthened against both the pound and the dollar yesterday after the European Central Bank’s monetary policy meeting. The ECB left the interest rate the same, as expected, and repeated its stance that rates will only be hiked when inflation is comfortably...
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by Charles Purdy | Feb 4, 2022
Following the Bank of England’s decision yesterday to raise the UK’s interest rate to 0.5%, the pound strengthened against the euro initially, but then plummeted. This was due to a mixture of euro strength and a ‘dovish’ press conference from Bank of England governor...
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by Charles Purdy | Feb 4, 2022
It was announced yesterday that the Bank of England voted to raise the UK’s interest rate to 0.5%, which was widely expected and caused the pound to strengthen initially. However, comments from Governor Andrew Bailey and from President of the European Central Bank...
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