by Christopher Nye | Apr 9, 2021
Sterling has weakened further against the euro and the dollar this morning and could see its sharpest weekly decline against the euro in 7 months. A weak pound is relatively unusual in the month of April as the positive seasonal effect of this time of year usually...
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by Christopher Nye | Apr 9, 2021
The US stock market opened at a record high yesterday but the dollar weakened after Federal Reserve Chair, Jerome Powell, maintained his dovish stance. Speaking yesterday, Powell said, “we are not really looking at forecasts for this purpose, we are looking at...
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by Christopher Nye | Apr 8, 2021
The dollar weakened yesterday after the release of the Federal Reserve’s latest meeting minutes. Officials retained their ‘dovish’ stance, maintaining a cautious approach to the US’ economic recovery. The Fed acknowledged the fact that recovery is going well, however...
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by Christopher Nye | Apr 8, 2021
Vaccine uncertainty is also weighing on the euro. Europe is heavily dependent on the administration of the AstraZeneca vaccine, which has already been met with scepticism after it was temporarily suspended last month. The ECB will release the minutes of their latest...
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by Christopher Nye | Apr 8, 2021
The pound is still weaker against the euro and the dollar this morning. It could be said that this is due to lower vaccine supplies expected in April and concerns over the AstraZeneca vaccine due to its possible link with blood clots. A UK regulator said those in the...
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