by Charles Purdy | Dec 21, 2021
The pound has fallen marginally but across the board following warnings of further Covid restrictions. It’s down between 0.1 and 0.35% compared to this time yesterday against all nine other major currencies except for NOK and NZD. Yesterday’s data releases included...
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by Charles Purdy | Dec 21, 2021
After the brief flurry of support after the interest rate rise last week the pound has settled back to the same position as this time last week against the euro and US dollar. Both GBP/EUR and GBP/USD are still roughly 2% down on their position before the Omicron...
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by Charles Purdy | Dec 20, 2021
The dollar is stronger against a basket of currencies this morning, helped by the Federal Reserve’s rhetoric at its meeting last week, as well as rising Omicron cases across Europe. Last week, the Federal Reserve confirmed that it would accelerate the tapering of its...
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by Charles Purdy | Dec 20, 2021
The euro is trying to make a recovery against the dollar this morning amid rising Omicron cases across Europe. It’s a light week for European economic data overall, but consumer confidence figures for both Germany and the eurozone will be released tomorrow. Both are...
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by Charles Purdy | Dec 20, 2021
Sterling strengthened following the Bank of England’s latest monetary policy meeting last week, when interest rates were raised to 0.25%. The pound is trading around the same levels against the euro this morning but has weakened slightly against the dollar. This week,...
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