GDP in the UK is now forecast to fall by 1.0% in 2023.
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The euro and sterling have lost ground against the dollar notwithstanding another round of 50bps increases in interest rates from both the ECB and Bank of England (BoE) yesterday, weakening to just under $1.09 and and a touch below $1.22 respectively. This in turn sees the single currency-pound exchange rate trading at almost 89.5p this […]
The dollar is on the back foot following yesterday’s Fed meeting in the US, weakening to $1.10 against the euro and to almost $1.24 against sterling. The single currency has also gained ground against the pound, trading close to 89p this morning In government bond markets, US 10-year yields have fall post the Fed meeting, […]
The euro has gained some ground against the dollar getting back up to $1.0875; the single currency had lost out early yesterday and nearly broke down through $1.08 but recovered, taking back more than the 1/2 cent it had lost. It fared well against sterling rising back above 88p. The euro’s gains come ahead of […]