by Christopher Nye | Dec 31, 2021
The dollar is still strong against the euro following positive jobs data. Weekly jobless claims in the US fell to a 52-year low of 198,000 while continuing claims also fell to the lowest level since before the pandemic. This data indicates that the US labour market is...
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by Charles Purdy | Dec 30, 2021
Judging the past week as a whole the US dollar has leapt ahead of most major currencies, apart from the British pound, as Omicron and Delta variants of Covid continue to spread among the global population. Against the euro, the US dollar has almost recovered...
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by Charles Purdy | Dec 30, 2021
The single currency has experienced an unsteady but marked decline against sterling over the past two weeks, as investors put their faith in the UK’s vaccination programme beating the Eurozone’s against the Omicron variant. Against the US dollar, a ‘choppy’ month has...
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by Christopher Nye | Dec 30, 2021
Sterling has edged slightly over the €1.19 barrier this morning, while slipping by around 0.25% off the five-week high it achieved against the US dollar yesterday. Overall, however, while the UK’s financial institutions have been enjoying four days off work (up to...
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by Charles Purdy | Dec 30, 2021
Sterling ends the year on a spectacular high, only around 0.1% off its highest rate for the whole of 2021 and fractionally off its highest rate since the Brexit referendum vote more than five years ago. The UK’s Covid-19 cases hit 183,000 yesterday (and no doubt many...
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