by Christopher Nye | Jul 6, 2021
The dollar came second to a resurgent sterling yesterday while the markets were closed for Independence Day, while continuing to track sideways against the euro as it has been for the past two to three weeks. There were no data releases yesterday from the US, but...
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by Christopher Nye | Jul 6, 2021
The euro continued its slow but steady slide against the pound that has seen it lose 5% of its strength since the start of the year. Against the dollar the picture is a little better, as the euro has this morning reached its highest level for a week, albeit still 2...
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by Christopher Nye | Jul 6, 2021
The pound strengthened by around 0.2% over the course of the past 24 hours, powered by the announcement on the ending of pandemic restrictions in two weeks. The stock market responded with gains across travel, retail and leisure sectors. Business activity showed a...
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by Christopher Nye | Jul 6, 2021
Sterling strengthened overnight to its highest level for two weeks against the euro, but failed to break out beyond €1.17, continuing the pattern of the past three months. There was also a recovery against the US dollar to a near-two-week high, but GBP/USD is still...
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by Christopher Nye | Jul 5, 2021
The dollar is slightly weaker against a basket of currencies this morning following the Non-Farm Payrolls data on Friday. Although the report beat expectations, showing that the US economy added 850,000 jobs in June, the unemployment number was also higher than...
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