by Christopher Nye | Sep 27, 2021
Sterling saw swings of well over 1% over the past two weeks against the euro, so it will be interesting to see if that continues in what is shaping up to be an interesting week. The fuel crisis that seemed to strike from nowhere meant millions of people cancelling...
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by Christopher Nye | Sep 24, 2021
The dollar had a poor week, losing to the majority of major currencies, in particular NOK, CAD and CHF, where the week’s losses were between 0.75 and 1.25%. There was little movement against either the euro or British pound, during a week in which the Fed held...
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by Christopher Nye | Sep 24, 2021
The euro’s gains against the pound were pared back yesterday following the BoE’s hawkish tone on monetary policy which saw the likelihood of the European Central Bank lagging behind the UK in raising interest rates next year. However the single currency rebuilt and...
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by Christopher Nye | Sep 24, 2021
The pound strengthened following the Bank of England MPC meeting yesterday, as the markets believe the Bank is still on course to raise interest rates early in 2022. However, thus far the pound is still fractionally down on most major currencies over the course of the...
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by Christopher Nye | Sep 24, 2021
A busy week for central bankers ended with clearer worries over inflation and the post-pandemic recovery which could see interest rate rises early. However, overall it was an indecisive week for major currencies, with most approaching the end of the week close to...
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