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Sterling has been on a spiralling downward trend against most currency pairs over the course of recent months. This lack of confidence in the Pound has led it to become the worst performing major currency throughout August, and it is now testing yearly lows against both Euro and Dollar. The…
Find out how the major currencies have been performing and what movement we could see in the days ahead with our weekly exchange rate update. EUR – Euro Bolstered by Hopes for EU’s Energy Intervention The Euro found its footing again this week, as EUR investors were cheered by…
Find out how the major currencies have been performing and what movement we could see in the days ahead with our weekly exchange rate update. EUR – Euro Strengthens despite Energy Concerns The Euro got off to a poor start this week, with concerns about economic disruption in Germany…
Find out how the major currencies have been performing and what movement we could see in the days ahead with our weekly exchange rate update. EUR – Euro Rebounds on USD Weakness The Euro struggled to attract support through the first half of this week, with EUR sentiment being…
Find out how the major currencies have been performing and what movement we could see in the days ahead with our weekly exchange rate update. EUR – Euro Weakens amid Ongoing Energy Security Fears The Euro trended lower this week as ongoing concerns about the Eurozone’s economy and worsening…
Find out how the major currencies have been performing and what movement we could see in the days ahead with our weekly exchange rate update. EUR – Euro Dented by Gas Shortage Concerns The Euro stumbled this week, the single currency being undermined by another reduction in Russian gas…
Find out how the major currencies have been performing and what movement we could see in the days ahead with our weekly exchange rate update. EUR – Euro Rallies ECB Surprises with Aggressive Rate Hike The Euro enjoyed strong support at the start of this week, with the single…
There was further uncertainty over gas supplies to the EU with the planned maintenance period for the Nord-Stream pipeline due to come to an end later this week. Gas prices edged lower on the day. In this environment, there was renewed dollar selling and the Euro pushed towards 1.0200 before…
GBP/USD The dollar rally that was triggered by US inflation data on Wednesday last week stayed intact on Thursday. Due in large to the US Dollar Index (DXY) reaching its strongest level in nearly 20 years during the American session. To counter this, Federal Reserve Governor – Christopher Waller remarked…
The Pound struggled with a continuing lack of confidence in the UK economic outlook against a backdrop of concerns for the global economic outlook, and international equity markets remained fragile. The dollar posted further gains to register 2-year highs against the Pound, just above the 1.1800 level. The Pound Euro…