by Charles Purdy | Nov 3, 2021
The pound stabilised against both the euro and US dollar yesterday, following a drop on Monday that will have worried anyone with a GBP/EUR or GBP/USD trade coming up without the protection of a forward contract. Of course, sterling remains at around its highest level...
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by Christopher Nye | Nov 3, 2021
The Federal Reserve will conclude its latest monetary policy meeting this evening. It’s widely expected that officials will announce the tapering of the huge bond-buying program, scaling back economic aid and making plans for a post-pandemic future. Any comments...
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by Charles Purdy | Nov 2, 2021
The dollar held firm yesterday as worsening inflation worries pushed the case for raising interest rates. Over the past week it has strengthened by almost 1% against both the pound and Japanese yen (indeed, strengthening during the past month against the latter to its...
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by Charles Purdy | Nov 2, 2021
The euro strengthened against its major peers yesterday, by nearly 0.5% against USD and GBP and by over 1% against the Australian dollar. There was little fresh data yesterday, but retail sales in Germany fell markedly in September, by 2.5% against an expectation of...
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by Charles Purdy | Nov 2, 2021
The pound has suffered a reversal in fortunes over the past 24 hours as the markets begin to rethink their optimism over an interest rate rise on Thursday. It has lost the gains it made against the euro and US dollar and returns to its lowest since mid-October....
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