by Charles Purdy | Jun 14, 2022
The euro strengthened against most major currencies yesterday while losing slightly to USD and the Swiss franc (CHF). Against the pound it is now very close to its strongest of the past year or so. Yesterday was quiet for eurozone data, but later this morning we’ll...
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by Charles Purdy | Jun 14, 2022
Sterling lost around 1% against the US dollar and 0.3% against the euro yesterday. After yesterday’s GDP data – bad, but too bad – this morning there has been unemployment and earnings data. The results were mixed, with both being fractionally higher than...
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by Charles Purdy | Jun 14, 2022
Sterling lost around half a cent against the euro over the course of yesterday and remains close to its lowest point since last December. Although GDP fell by 0.3% in April – a considerably bigger fall than expected – the ONS revealed that a large part of that decline...
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by Charles Purdy | Jun 13, 2022
The dollar has strengthened against a basket of currencies following the release of US inflation data last week. Both the inflation rate and core inflation came in higher than expected, with the inflation rate reaching its highest since 1981. Energy prices rose 34.6%,...
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by Charles Purdy | Jun 13, 2022
The euro is still weaker against the dollar this morning, continuing the weakness seen following the European Central Bank’s meeting last week. During the meeting, it was confirmed that it will end its bond-buying scheme and begin to hike interest rates in July....
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