by Christopher Nye | Feb 4, 2021
The dollar is strengthening against the pound and euro on a positive economic outlook, which is unusual as the greenback usually weakens in times of market optimism. The progress of coronavirus vaccinations, President Joe Biden’s steps to pass more fiscal stimulus,...
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by Christopher Nye | Feb 4, 2021
The euro hit a two-month low against the dollar yesterday as Europe’s slow vaccine progress continues to weigh. This has increased worries that lockdowns all over Europe will need to be extended and increased expectations that there will be a decline in economic...
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by Christopher Nye | Feb 4, 2021
The pound has weakened slightly this morning but is still at strong levels ahead of the Bank of England’s monetary policy meeting, which is due to take place at midday today. The markets will be looking out for any decisions or comments surrounding negative interest...
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by Christopher Nye | Feb 4, 2021
The Bank of England will hold its monetary policy meeting later today and the markets will be looking out for any mention of negative interest rates. Sterling has been well supported since Governor Andrew Bailey pushed back on the prospect of negative rates earlier...
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by Christopher Nye | Feb 3, 2021
The dollar is stronger this morning despite positive market sentiment. Democrats are taking steps to push through the $1.9 trillion stimulus bill, starting the process to allow the package to become a law without Republican support. Republicans have opposed the size...
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