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USD: Dollar benefits from strong retail data

The dollar is weak against the pound but strong against the euro today. A surge in US retail sales has allowed the greenback to hold onto its gains and eased concerns about a slowing economy. The report showed that sales rose by 0.7% last month, after a 0.3% growth in...

EUR: Concerns over ECB stimulus push euro down

Suggestions that the ECB will go down the route of a sizeable economic stimulus package have put downward pressure on the euro this morning. Olli Rehn, Governor of the Bank of Finland and a member of the ECB’s Governing Council, told the Wall Street Journal yesterday...

GBP: Sterling reaches one-week high

Sterling is near one-week highs this morning, as rhetoric around blocking a no-deal Brexit ramp up. Despite this, Labour’s plan to install Jeremy Corbyn as caretaker Prime Minister has been met with opposition from key potential allies, such as the Liberal Democrats....

Pound boosted on hopes of blocking no-deal

The pound has reached near one-week highs today, as hopes have been raised that no-deal could be avoided – although this lift could be short-lived, as there will be plenty of political back-and-forth before any concrete happens. Sterling is also benefitting from a...

USD: Dollar weak ahead of data releases

The dollar is weak this morning against both the euro and the pound, possibly due to recession fears and trade war uncertainty. There are increasing concerns that a recession could hit the US economy, due to a yield curve which inverted yesterday for the first time...

EUR: Pressure on euro after poor economic releases

Euro is choppy this morning, after a downturn yesterday following poor economic releases. While largely expected by the markets, the drop in GDP growth is not a good sign – and year-on-year industrial production figures came in lower than forecast, at -2.6% over...

Pound benefits from poor EU economic releases

The pound is up this morning after a relatively positive day yesterday for economic releases, with inflation coming in at 2.1%, just above the Bank of England’s target. It was also helped by downward pressure on the euro, after poor GDP and industrial production...

USD: Trump U-turns on trade war

The dollar is looking weak this morning, as developments in the US-China trade war continue. In a surprising turn of events, President Trump has decided to delay tariffs on some Chinese imports due to ‘health, safety, national security and other factors.’ This comes...

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