by Christopher Nye | Jun 18, 2021
After hitting a 10-week high yesterday against the euro, the pound has lost some strength following disappointing retail sales data. Signs that consumers may be more cautious than was initially thought could weigh on sterling. This weak UK data combined with recent...
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by Christopher Nye | Jun 18, 2021
The hawkish comments from the Federal Reserve are still feeding the dollar which has maintained its strength against the pound and the euro. There were hints from the bank’s so-called ‘dot plot’ that interest rates may be set to rise sooner than expected. Dot plots...
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by Christopher Nye | Jun 17, 2021
The dollar is stronger this morning against the pound, euro and other currencies after the Federal Reserve’s press conference yesterday, which concluded its two-day monetary policy meeting. The Fed left interest rates unchanged as expected. However, the comments that...
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by Christopher Nye | Jun 17, 2021
The euro fell sharply against the dollar after the Federal Reserve’s announcement yesterday gave the greenback a boost. Later this morning, inflation rate figures for the Eurozone will be released. The annual figure for May is expected to come in at 2%, which would be...
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by Christopher Nye | Jun 17, 2021
The pound is strong against the euro this morning but weaker against the dollar, mostly due to a stronger greenback. Sterling found some strength after yesterday morning’s inflation data, which was higher than expected and above the Bank of England’s 2% target. In the...
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