by Charles Purdy | Nov 9, 2021
On Monday the US dollar came close to its strongest level against the pound this year, before slipping away late yesterday. It remains strong against the euro, trading around its highest since the start of summer. With several members of the FOMC (the Federal...
read more
by Charles Purdy | Nov 9, 2021
The single currency strengthened against the US dollar yesterday, close to its highest point since the start of the month and fractionally above early October. While it was muted against sterling yesterday, it remains close to its six-month high. As for the UK, there...
read more
by Charles Purdy | Nov 9, 2021
The pound clawed back some of last week’s losses yesterday, returning close to €1.17 and well over $1.35. Bank of England governor Andrew Bailey made clear that it was lack of evidence of inflation becoming “generalised” in the economy that had made seven of the...
read more
by Charles Purdy | Nov 9, 2021
Sterling recovered some lost ground yesterday, pulling back just under 0.5% against both USD and EUR. This followed comments once again from the governor of the Bank of England, Andrew Bailey, that interest rates would rise if clear evidence emerges that inflation is...
read more
by Christopher Nye | Nov 8, 2021
The dollar is strong against the pound and euro this morning, but slightly weaker against other currencies following the Federal Reserve’s statement that it will be ‘patient’ when deciding to raise interest rates. Six Federal Reserve officials will speak today,...
read more
