by Christopher Nye | May 28, 2021
The dollar continues to suffer against the euro and sterling overall, but had some respite yesterday, gaining from higher US Treasury yields. Economic data was mixed yesterday, with the most notable result being Durable Goods Orders for June which reversed last...
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by Christopher Nye | May 28, 2021
Yesterday, while losing against the pound due to the aforementioned interest rate comments, the single currency spent the day chopping and changing against the US dollar. It retains its overall strength though, very close to a five-month high and within a whisker of...
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by Christopher Nye | May 28, 2021
In a quiet week for data, it was comments on the potential for interest rate rises by the normally dovish Gertjan Vlieghe that moved the pound strongly upwards yesterday. As he prepares to leave the MPC this August, his comments may have been heavily caveated, but...
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by Christopher Nye | May 28, 2021
The pound strengthened across the board yesterday afternoon, following comments by Bank of England Monetary Policy Committee (MPC) member Gertjan Vlieghe that UK interest rates could rise earlier than expected if the economy picks up faster than the Bank of England...
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by Christopher Nye | May 27, 2021
The euro is weaker this morning after losing gains it made during the day yesterday. There are signs of economic recovery in France after business confidence surged in May. In Germany, GfK Consumer Confidence also increased, however not by as much as markets were...
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