by Christopher Nye | Jul 16, 2021
The dollar has regained some strength after Federal Reserve Chair Jerome Powell testified again in front of Congress yesterday. Once again, Powell stuck to his word around maintaining monetary policy despite rising inflation. He acknowledged the markets’ worries but...
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by Christopher Nye | Jul 16, 2021
The euro is weaker against the dollar this morning, losing some of the gains it made yesterday. This is largely due to dollar strength resulting from a risk-averse mood from markets. Markets will now be looking to consumer data for both the EU and the US for the next...
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by Christopher Nye | Jul 16, 2021
The pound saw a boost yesterday after comments from the BoE hinted at an early end to its bond-buying stimulus programme and a rise in interest rates. Sterling had been on track to reach yet another 14-week high against the euro but has lost some of that strength this...
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by Christopher Nye | Jul 16, 2021
The pound saw an initial boost yesterday after the Bank of England hinted at an early end to its quantitative easing measures and a rise in interest rates, however, sterling has since lost some strength this morning. BoE policymaker Michael Saunders advised the Bank...
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by Christopher Nye | Jul 15, 2021
The dollar was largely unchanged yesterday following a ‘dovish’ speech from Federal Reserve Chair Jerome Powell, who testified in front of Congress yesterday. Despite a higher than expected inflation reading earlier this week, Powell insisted that it’s too soon to...
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