by Christopher Nye | May 12, 2021
Sterling is still strong against the euro and the dollar this morning, holding onto its gains made after the local election results. GDP data released for the UK this morning shows that the economy shrank in the first quarter of this year but rebounded in March....
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by Christopher Nye | May 12, 2021
Sterling has welcomed each new week since the vaccine programme started in mid-December with a surge in optimism, and apart from the occasional midweek wobble and a worrying lurch lower in early April has held onto those gains surprisingly well. That has continued...
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by Christopher Nye | May 11, 2021
Following the decline in dollar support after far worse than expected jobs data on Friday, the dollar continued to struggle against both EUR and GBP yesterday, reaching its lowest point against the pound for three years. We have a series of speeches by Federal Reserve...
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by Christopher Nye | May 11, 2021
The euro largely held onto its gains against USD from Friday, while slipping against the pound yesterday by around 1%. Yesterday we heard from ECB policymaker Francois Villeroy de Galhau that PEPP, the eurozone’s pandemic emergency purchase programme, would continue...
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by Christopher Nye | May 11, 2021
Sterling enjoyed another successful start to the week on the back of the local election results, further boosted by Halifax House Price data that showed a rise in house prices of 1.4% in the past month, 8.2% in the past year. The pound exceeded $1.41 and its highest...
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