by Charles Purdy | Jan 20, 2022
The pound is still strong against the euro this morning and at fairly strong levels against the dollar due to increasing expectations that the Bank of England will raise interest rates next month. The market odds of an interest rate hike on February 3 rose to 90%...
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by Charles Purdy | Jan 20, 2022
The pound is still strong against the euro this morning due to increasing expectations of an interest rate hike from the Bank of England. Data yesterday showed that inflation reached a 30-year high in December, which could give officials fresh impetus to raise the...
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by Charles Purdy | Jan 19, 2022
There was a flurry of excitement overnight as the pound shot above €1.20 following the latest good news on UK jobs. I did say on Monday that it was a week to keep your wits about you – so well done if you managed to lock it in. It remains 5 or 6% above the five year...
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by Charles Purdy | Jan 19, 2022
The dollar is stronger this morning due to rising treasury yields, which have been rising since the beginning of this week. It is also strong ahead of the Federal Reserve’s meeting next week, where officials are expected to make a decision on whether to raise interest...
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by Charles Purdy | Jan 19, 2022
The pound has strengthened against the euro this morning following higher-than-expected inflation figures. The final inflation reading for December came in at 5.4% year-on-year, greater than estimates of 5.2% and the highest since March 1992. The month-on-month figure...
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