by Christopher Nye | Apr 20, 2021
Sterling strengthened at the start of the week against almost all major currencies. Against the euro sterling rose just over 0.5% yesterday and by double that against the US dollar. Only the Norwegian krone (NOK) did better. Early data from British high streets and...
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by Christopher Nye | Apr 20, 2021
Sterling rediscovered its mojo yesterday, and that continues this morning, powering ahead and breaching $1.40 on positive economic news. There is a similar but less consistent performance against the euro. Elsewhere in the business news, the proposed new European...
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by Christopher Nye | Apr 19, 2021
Sterling starts the week on the front foot this morning, reaching its strongest level for 10 days against the euro and maintaining its position well above the average for the past year. However, the more eagle-eyed readers might have noticed that sterling has received...
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by Christopher Nye | Apr 19, 2021
The dollar is still weak against a basket of currencies this morning due to falling treasury yields, which are hovering near five-week lows. This has come about due to the Federal Reserve’s stance that a spike in inflation was temporary and monetary support must...
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by Christopher Nye | Apr 19, 2021
The euro is strong against the dollar this morning ahead of the European Central Bank’s latest meeting on Thursday. Officials are expected to comment on the recent rise in bond yields and the necessary duration of the PEPP programme, a subject that a handful of...
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