by Christopher Nye | Oct 4, 2021
The euro weakened against the pound and the dollar at the end of last week. Inflation data for the Eurozone, released on Friday afternoon, showed that inflation has reached a 13-year high. It could be said that this puts extra pressure on the European Central Bank to...
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by Christopher Nye | Oct 4, 2021
After weakening throughout the course of last week due to the energy crisis, the pound staged a brief rebound against the dollar on Friday. This was partly due to risk sentiment lifting, which weakened safe haven currencies and boosted the pound. Sterling strengthened...
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by Christopher Nye | Oct 4, 2021
After strengthening slightly towards the end of last week, the pound is trading around the same levels against the euro and the dollar. PMI figures for September will be released tomorrow, giving an indication of how the economy performed last month. The euro is still...
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by Christopher Nye | Oct 4, 2021
The pound swung alarmingly last week, dropping to its lowest level this year against the US dollar and to a multi-week low against the euro. The cause, of course, was the ongoing fuel crisis, lack of staff in a range of key industries, the possibility that Christmas...
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by Christopher Nye | Oct 1, 2021
The dollar’s strength continues this morning after Federal Reserve Chair Jerome Powell revealed that he now believes that inflation may not be transitory like he originally thought. He also announced that he expects some relief in inflation in the first half of 2022....
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