by Christopher Nye | Mar 8, 2021
The pound starts the week just under 1% lower against the US dollar than this time last week but slightly higher against the euro, further boosted by poorer than expected German industrial data this morning. Overall, however, the principal reasons for movements in...
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by Christopher Nye | Mar 5, 2021
The dollar continues to strengthen against the euro after Federal Reserve Chair, Jerome Powell’s speech yesterday in which he reiterated that they still have a long way to go to reach the Fed’s goals of 2% inflation and full employment. Markets seemed disappointed...
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by Christopher Nye | Mar 5, 2021
The euro remains weak as Powell’s speech pushes bond yields higher, leading markets to continue to favour the greenback. Month-on-month, retail sales in the eurozone fell by much more than anticipated but unemployment rate stayed the same. In Germany, factory...
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by Christopher Nye | Mar 5, 2021
The pound continues to strengthen against the euro but has weakened against the dollar as US bond yields rise again. However, sterling is still trading at strong levels after Wednesday’s Spring Budget was mainly welcomed by markets, and the UK continues to be a...
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by Christopher Nye | Mar 5, 2021
The pound has maintained its strength against the euro but is weaker against the dollar this morning after a speech by Federal Reserve Chair Jerome Powell pushed up US bond yields. Markets continue to digest Wednesday’s Spring Budget, which seems to have been...
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