by Christopher Nye | Jul 7, 2021
Sterling reached its highest level for three months yesterday against the euro, before falling back sharply to where it started the day. If that sentence gives you a sense of déjà vu it’s because that’s been the pattern for the past eight weeks now, trying to...
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by Christopher Nye | Jul 7, 2021
The pound strengthened against the euro and the dollar yesterday following the government’s announcement on Monday, which revealed that most Covid restrictions are likely to be lifted on July 19. This was followed by a series of announcements, including new rules on...
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by Christopher Nye | Jul 7, 2021
The pound was near to a three-month high against the euro and at a weekly high against the dollar yesterday following Monday’s announcement about the easing of lockdown restrictions on July 19. The government has said that if the data allows, mask-wearing and social...
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by Christopher Nye | Jul 7, 2021
The euro weakened against both the pound and dollar yesterday due to poor economic data from Germany. German factory orders for May fell -3.7%, down from 1.2% in April, and well below the consensus of a 1% growth. This was due to supply chain shortages and bottleneck,...
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by Christopher Nye | Jul 7, 2021
The dollar edged higher against a basket of currencies yesterday as the markets looked ahead to the minutes from the Federal Reserve’s June meeting, which will be released later today. Investors will be looking out for any signs that the Fed could taper monetary...
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