by Christopher Nye | Oct 13, 2021
The pound weakened slightly yesterday despite news that an early interest rate hike is on the horizon. There is increasing confidence that the Bank of England will go ahead with a near-term interest rate hike due to higher inflation. This comes after comments from...
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by Christopher Nye | Oct 13, 2021
After a sharp rise at the beginning of this week, the pound weakened slightly yesterday and is trading around the same levels against the euro and the dollar this morning. As well as the prospect of an early interest rate hike, the markets are focussing on the energy...
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by Christopher Nye | Oct 13, 2021
The pound has been trying to edge above €1.18 all week, to regain the position it held in February 2020 before the pandemic struck. It’s an impressive turnaround and an increase of 2% from just two weeks ago. But will it last or break higher? Even if you don’t have a...
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by Christopher Nye | Oct 12, 2021
The US dollar weakened against all major currencies yesterday, but not significantly and remains a little stronger on the week against all but the commodity-backed currencies such as CAD and AUD. Against the Japanese yen the dollar came close to a three-year high, due...
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by Christopher Nye | Oct 12, 2021
The single currency’s performance yesterday could best be described as “choppy” against USD and it ultimately ended up where it started. After an initial drop against sterling close to an 18-month low, it recovered mildly during the day and overnight. Yesterday was...
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