by Christopher Nye | Sep 15, 2021
We could be in for a busy day at Smart, with the new inflation figures coming out this morning ahead of expectations at 3.2% year on year. That makes it even more likely that interest rates will rise early and that in turn is highly likely to support the pound. Well,...
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by Christopher Nye | Sep 14, 2021
The US dollar came out swinging against GBP and EUR overnight but after brief support it has slipped back slightly below where it started the day. Overall it has been a stable period for the dollar, however, returning to its mid-August position after a tumultuous few...
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by Christopher Nye | Sep 14, 2021
Despite a positive day yesterday the single currency remains slightly weaker against all major currencies apart from AUD compared to last week. It’s a relatively quiet week for data, with the big event not happening until Friday – Eurozone inflation – but speeches...
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by Christopher Nye | Sep 14, 2021
Sterling’s recovery on Friday to its highest level since mid August has been maintained, with a brief break-out yesterday afternoon against the euro which was rapidly reined in. Following a brief dip against the US dollar early yesterday, GBP/USD has returned to close...
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by Christopher Nye | Sep 14, 2021
Sterling strengthened at the start of the week and reaches Tuesday roughly 0.5% ahead of this time last week against most major currencies. The most obvious reason remains the comments from the Bank of England governor last week on worries over inflation, where the...
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