by Christopher Nye | Jun 8, 2021
The dollar was slightly stronger against a basket of currencies yesterday ahead of tomorrow’s inflation rate data. Investors will focus on this data as it could influence the Federal Reserve’s stance to tapering monetary policy. So far, the Fed have stuck to their...
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by Christopher Nye | Jun 8, 2021
The euro rose against the pound yesterday and was still strong against the dollar following positive GDP data. Figures show that Euro Area economy shrank 0.3% on quarter in the first three months of 2021, compared with a preliminary estimate of 0.6% contraction....
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by Christopher Nye | Jun 8, 2021
The pound weakened slightly against both the euro and the dollar yesterday, possibly due to rising cases of the Delta variant and reports that the June 21 ‘Freedom Day’ could be delayed. On Sunday, Health Secretary Matt Hancock said that it’s “too soon” to say whether...
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by Christopher Nye | Jun 8, 2021
The pound has been trading in a narrow range against both the euro and the dollar as the markets continue to focus on rhetoric surrounding the June 21 reopening. Recent reports suggest that it could be delayed by two weeks due to the prominence of the Delta variant....
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by Christopher Nye | Jun 8, 2021
The dollar has strengthened against sterling and the euro this morning. This looks as much to do with Europe facing economic headwinds and the UK a delay to reopening than anything decisive happening in the US. However, we could see movements later in the week as...
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