by Christopher Nye | May 19, 2021
The dollar is at multi-month lows against a basket of currencies this morning ahead of the release of the Federal Reserve’s latest meeting minutes. The minutes are expected to reveal that policymakers still think the US economy needs support as it emerges from the...
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by Christopher Nye | May 19, 2021
The euro is still strong against the dollar this morning after making gains over the past week and month. The Eurozone’s GDP figure for the first quarter of this year was released yesterday. As forecast, the economy shrank 0.6% quarter-on-quarter in January-March...
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by Christopher Nye | May 19, 2021
The pound is trading around the same levels against the euro this morning and is strong against the dollar. A series of inflation rate data was released this morning. Annual inflation rate for April increased by 1.5%, beating forecasts of 1.4%. This was the highest...
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by Christopher Nye | May 19, 2021
The pound is still strong against both the euro and the dollar after inflation data was released for the UK this morning. Inflation rose in April, both annually and month-on-month, due to the reopening of the UK economy. Consumer prices are at their highest since...
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by Christopher Nye | May 19, 2021
The month of May has overall been a positive one for sterling. After a sharp fall in April, the pound has since recovered by around 1.10% against the euro. Yesterday was another good day, seeing the pound receive a boost against the euro after the UK’s unemployment...
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