by Charles Purdy | Jun 15, 2022
The euro has strengthened against the pound and other currencies, however, is still weaker against the dollar. The single currency was given a boost after the European Central Bank announced that it would hold an emergency meeting to discuss current market conditions....
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by Charles Purdy | Jun 15, 2022
The pound weakened to multi-year lows yesterday against both the euro and the dollar. This was due to a mixture of factors, including poor UK economic data, tensions between the EU and UK, as well as the perception that the Bank of England has lost control of rising...
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by Charles Purdy | Jun 15, 2022
The pound has weakened to multi-year lows against the euro and the dollar after falling yesterday, overnight and this morning. Poor economic data and tensions between the UK and EU over the Northern Ireland protocol contributed to this, as well as the perception that...
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by Charles Purdy | Jun 15, 2022
The pound’s sorrows are coming not as single spies, but in battalions, to mangle Shakespeare a little. Sterling’s precipitous fall started yesterday and has continued overnight and this morning, as bad news continues to arrive. You might have missed it, but the latest...
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by Charles Purdy | Jun 14, 2022
The dollar enjoyed another stellar day yesterday, strengthening against all but CHF as investors prepared for an interest rate decision tomorrow that is likely to be aggressively anti-inflation, following Friday’s higher-than-expected inflation reading. Before that...
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