by Charles Purdy | Nov 1, 2021
Sterling sunk significantly against both the euro and US dollar in early trading this morning. While it has recovered somewhat against EUR, there’s little sign of that so far against USD, where the strength is with the dollar due to rising US wages, rather than...
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by Christopher Nye | Oct 29, 2021
The dollar has weakened against the pound and the euro following disappointing GDP data. GDP for Q3 2021 came in at just 2%, missing market expectations of 2.7% and slowing significantly from the 6.7% in Q2. In fact, it is the slowest quarter growth since the very...
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by Christopher Nye | Oct 29, 2021
The euro saw a boost following yesterday’s European Central Bank monetary policy meeting, where interest rates were once again left unchanged at 0.0%. The ECB also maintained its stance that inflation can be managed by a moderately lower pace of PEPP purchases, a...
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by Christopher Nye | Oct 29, 2021
The pound weakened against the euro yesterday as tensions over post-Brexit fishing rights escalate. Sterling has strengthened against the dollar. Following the detainment of a British trawler on the Normandy coast yesterday, the UK has summoned the French ambassador,...
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by Christopher Nye | Oct 29, 2021
The pound weakened against the euro yesterday but strengthened against the dollar. The cause of sterling’s fall appears to be the rising tensions over post-Brexit fishing rights following the detainment of a British trawler in French waters. The UK described the move...
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