by Christopher Nye | May 6, 2021
After edging higher against a basket of currencies over the past week, the dollar has settled near a two-week high. Against the pound, it is slightly stronger than it was this time last week. ADP employment figures released yesterday showed that US private employers...
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by Christopher Nye | May 6, 2021
The euro strengthened slightly against both the pound and the dollar ahead of a busy morning for European data. German factory order data was released earlier, showing that new orders jumped 3% in March, beating market expectations of 1.7%. In his speech yesterday,...
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by Christopher Nye | May 6, 2021
The pound trading at similar levels against the euro and dollar this morning, ahead of the Bank of England’s latest interest rate decision later. The Bank will announce whether they are leaving quantitative easing measures as they are, or whether they are boosting or...
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by Christopher Nye | May 6, 2021
The markets are looking to the Bank of England’s latest decision on monetary policy, which is due to be announced at midday. Whilst it is thought that interest rates will be kept the same, any changes to quantitative easing measures and economic forecasts could have...
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by Christopher Nye | May 5, 2021
The dollar strengthened briefly against the euro yesterday, as talk of higher U.S. interest rates and a sell-off in tech stocks benefitted the safe-haven currency. However, it’s unclear as to whether this rally will be sustained. Treasury Secretary, Janet Yellen, said...
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