by Christopher Nye | May 4, 2021
The pound’s positive start to the working week has followed the pattern of recent Monday and Tuesdays. The week will be dominated by the Bank of England Monetary Policy Committee’s decision on interest rates and QE on Thursday midday, but there is plenty to chew on...
read more
by Christopher Nye | May 4, 2021
Sterling strengthened by just under 0.5% against most major currencies on Monday while British banks were closed, but nevertheless starts May 2% down on this time last month against the euro. This could be a pivotal week, with the Bank of England’s interest rate...
read more
by Christopher Nye | Apr 30, 2021
The dollar has received a boost after a series of positive data. GDP grew by 6.4% in the first quarter of 2021 and initial jobless claims last week were the lowest since the start of the pandemic. The Commerce Department, who released this data, said, “The increase in...
read more
by Christopher Nye | Apr 30, 2021
The euro has lost some of the strength it gained after the Federal Reserve’s meeting on Wednesday. Economic, industrial and services sentiment figures for the eurozone all improved in April, with economic sentiment seeing the highest figures since September 2018....
read more
by Christopher Nye | Apr 30, 2021
The pound is trading around the same level as yesterday against the euro. Sterling has weakened slightly against the dollar, mainly due to dollar strength from rising Treasury yields and positive US economic data. Sterling’s outlook for May could be affected by...
read more
