by Christopher Nye | Mar 3, 2021
The euro is still under pressure against the dollar this morning, partly due to negative reports about Europe’s slow vaccine rollout. European Central Bank official, Fabio Pancetta, said yesterday that the Bank should expand bond purchases or increase the quota...
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by Christopher Nye | Mar 3, 2021
The pound is still at strong levels against the euro and the dollar this morning, however it remains below the highs of last week. Today, the Chancellor of the Exchequer, Rishi Sunak, will deliver his Spring Budget, which the markets will be watching closely. Sunak is...
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by Christopher Nye | Mar 3, 2021
The pound is still at strong levels against the euro and the dollar this morning, but its rally has stalled ahead of the Chancellor’s Spring Budget, which is due to take place at 12:30pm today. Whilst government support schemes, such as the Furlough Scheme, are...
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by Christopher Nye | Mar 3, 2021
Sterling reaches midweek and – more importantly – Budget day just under 1% down compared to last week but 2% up compared to this time last month. For GBP/USD the picture is similar but the numbers a little larger – just over 1% down compared to last week but nearly 3%...
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by Christopher Nye | Mar 2, 2021
The US dollar had a positive day yesterday, strengthening against almost all major currencies, especially those based on commodities. The dollar is continuing to benefit from the $1.9trillion stimulus package being passed last week as the economy begins to reopen,...
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