by Christopher Nye | Nov 25, 2021
Despite weakening from highs seen at the beginning of this week, the pound is trading around strong levels against the euro this morning. However, it’s still lingering near 2021 lows against the dollar. Later today, two Bank of England officials will speak,...
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by Charles Purdy | Nov 24, 2021
The pound remains above €1.19 this morning, despite a wobble yesterday that could be a warning of a bigger drop to come. Yesterday’s Purchasing Managers’ Indexes (PMI, read more about that here) showed that British businesses are slightly more optimistic than Europe’s...
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by Charles Purdy | Nov 24, 2021
The dollar is steady this morning against both the pound and the dollar. This follows President Biden’s reappointment of Federal Reserve Chair Jerome Powell, which has solidified expectations of an interest rate hike next year. The Federal Reserve will release the...
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by Charles Purdy | Nov 24, 2021
The euro has recovered slightly since the beginning of the week helped by better-than-expected data. PMI figures for the eurozone came in above expectations across the board, showing that the services and manufacturing industries performed better than predicted. The...
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by Charles Purdy | Nov 24, 2021
The pound has started to weaken slightly from highs seen at the beginning of this week. However, it is still trading around strong levels against the euro. Against the dollar, however, sterling touched its lowest level this year, mainly due to greenback strength. PMI...
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