by Christopher Nye | May 25, 2021
With little in the way of data releases to appeal to the market – following the bonanza of good news last week – sterling was left to drift at the start of the week. This continues the uncertain trend we’ve seen against the euro since early April, although the picture...
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by Christopher Nye | May 25, 2021
Sterling sank by half a per cent against the euro and US dollar early yesterday morning, very much against the trend of recent weeks, although it recovered some of those losses later in the day and hits Tuesday slightly down against the euro only. The catalyst for the...
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by Christopher Nye | May 24, 2021
The dollar is weak against a basket of currencies this morning. It strengthened last week after FOMC meeting minutes suggested that the Federal Reserve could begin to taper its monetary policy soon. However, Federal Reserve Chair Jerome Powell has since repeated his...
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by Christopher Nye | May 24, 2021
The improving situation in the Eurozone and positive economic data has kept the euro strong against the dollar. Flash PMI data for May released on Friday shows that that the Eurozone services sector performed better than expected, rising to 55.1, more than the 52.6...
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by Christopher Nye | May 24, 2021
The pound is at strong levels against both the euro and the dollar this morning, as optimism about the UK’s economic reopening continues to support sterling. However, the Indian variant of the virus, which remains prevalent in some parts of the country, is casting...
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