by Charles Purdy | Dec 8, 2021
After recovering slightly yesterday, the pound has weakened against the euro this morning despite an improved market mood. A report from the WHO released today reveals that vaccines should work against the Omicron variant. Although the vaccine is less effective...
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by Charles Purdy | Dec 8, 2021
Sterling continues to veer erratically this morning, like a Downing Street employee’s progress along Whitehall after a Christmas party that definitely didn’t happen. The betting on Omicron seems to be that not only is it not a gamechanger, but that like milkmaids 200...
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by Charles Purdy | Dec 7, 2021
The dollar’s Omicron-inspired run of strength appears to have run its course for now, with the euro recovering nearly 1%. Having breached it’s December 2020 high against the pound just before the weekend, the dollar’s gains were pared back fractionally yesterday....
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by Charles Purdy | Dec 7, 2021
The euro lost some ground against sterling yesterday, but remains back at the kind of levels we got used to in the early summer, some way off last month’s near-two-year highs. For the past ten days the single currency has staged a small recovery against the US dollar,...
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by Charles Purdy | Dec 7, 2021
The pound managed a modest recovery against the “risk-on” currencies – those favoured in times of economic and political stress – including the US dollar and euro, as worries over the power of Omicron eased. It fell against the main commodity-backed currencies,...
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