by Christopher Nye | Feb 26, 2021
The euro has strengthened against the pound but weakened against the dollar after rising bond yields in the US. This comes despite the European Central Bank saying they are willing to buy bonds flexibly to avoid a tightening of financial conditions. In the eurozone,...
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by Christopher Nye | Feb 26, 2021
The pound has weakened against both the euro and the dollar this morning. The prompt appears to be due to issues unrelated to the vaccine rollout or Brexit deal, which had boosted sterling in recent weeks, but larger scale changes in global market sentiment around...
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by Christopher Nye | Feb 26, 2021
Sterling has fallen by between 1 and 2% against both EUR and USD since Wednesday morning. Rising bond yields in the US hit a one-year high leading markets to favour the dollar as confidence in global economic recovery increases. All eyes will be on Chancellor Rishi...
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by Christopher Nye | Feb 25, 2021
The dollar is weaker this morning, failing to receive a push from higher treasury yields. This is possibly due to Federal Reserve Chair, Jerome Powell’s ‘dovish’ tone yesterday. Testifying in front of the House of Representatives after his speech in the Senate the day...
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by Christopher Nye | Feb 25, 2021
The euro is weak against the pound this morning, but it is trying to gain some ground against the dollar. The GfK Consumer Climate Indicator in Germany increased to -12.9 heading into March of 2021. Figures were better than market forecasts of -14.3, amid hopes the...
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