by Christopher Nye | Sep 22, 2021
The euro was stronger against the pound yesterday and briefly strengthened against the dollar. At the beginning of this week, data showed that producer prices increased to 115.60 points in August from 113.90 points in July of 2021, 12% higher than this time last year....
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by Christopher Nye | Sep 22, 2021
The pound reached a one month low against the dollar and a two-week low against the euro yesterday, as the UK’s energy crisis has taken its toll. A cautious market mood is also affecting sterling, prompted by Chinese property company Evergrande’s debt troubles. The UK...
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by Christopher Nye | Sep 22, 2021
The Federal Reserve will conclude its latest two-day monetary policy meeting today and the markets will be listening for any comments surrounding the tapering of monetary support measures. The dollar and other currencies could be impacted by rhetoric from officials....
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by Christopher Nye | Sep 22, 2021
Sterling has been buffeted in recent days by a mixture of poor economic and political news, from rising energy costs risking food supplies, to a warning from President Biden that the UK is, indeed, at the back of the queue when it comes to a trade deal, to the rise of...
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by Christopher Nye | Sep 21, 2021
The dollar strode ahead of most major currencies yesterday, strengthening to a three-week high against the euro and a month-long high against the pound. This was despite US stock markets slipping by around 2%, its biggest fall for months, due to troubles in the...
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