by Charles Purdy | Jan 28, 2022
The pound has recovered from losses earlier in the week against the euro but continues to struggle against the dollar. Sterling hit a one-month low against the greenback yesterday following clear indication from the Federal Reserve that interest rates would be raised...
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by Charles Purdy | Jan 28, 2022
The dollar has strengthened further against many major currencies following increased expectations of a US interest rate hike in March. The greenback has also benefitted from data showing the US economy grew at the fastest rate since 1984 in 2021. GDP grew by 6.9% in...
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by Christopher Nye | Jan 27, 2022
The dollar strengthened against a basket of currencies yesterday and is still strong this morning following the Federal Reserve’s press conference. Fed Chair, Jerome Powell, announced that the interest rate would be left on hold for now but indicated that a hike would...
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by Christopher Nye | Jan 27, 2022
The euro is weaker against the dollar this morning, largely due to movements following the Federal Reserve’s interest rate decision yesterday. Tensions in Ukraine also continue to weigh on the euro. The risk to power and supplies if the conflict escalates is a concern...
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by Christopher Nye | Jan 27, 2022
The pound is still trading around strong levels against the euro this morning but has weakened against the dollar, mainly due to greenback strength. Expectations for a Bank of England interest rate hike next week continue to support sterling. The pound has, so far,...
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