by Christopher Nye | Feb 2, 2021
It was a mixed picture for data yesterday, with manufacturing PMI for the Eurozone narrowly beating expectations, while retail sales in Germany were disappointing. The single currency continues to suffer from a disappointing supply of vaccines, although Covid...
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by Christopher Nye | Feb 2, 2021
Sterling hit a fresh 8-month and 2¾-year high against EUR and USD respectively yesterday, but it was a choppy sort of day which ultimately saw the pound lose the earlier gains. The early strength was a result of the weekend’s record-breaking vaccine rollout and...
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by Christopher Nye | Feb 2, 2021
The UK’s vaccine programme continues apace, as door-to-door testing and enhanced contact tracing began in an effort to stop the South African variant of Covid-19 establishing itself. The Prime Minister said he was optimistic that Britain would enjoy a summer holiday...
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by Christopher Nye | Feb 1, 2021
Another Monday morning brings another new high for sterling as soon as the markets opened this morning. The pound leapt by more than 0.25% against both EUR and USD, to another highest level since May last year and May 2018 respectively. It comes as a result both of...
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by Christopher Nye | Feb 1, 2021
The dollar is slightly weaker this morning due to improved risk sentiment. After stock market volatility last week due to the swings in GameStop and other stocks, there are hopes that things will settle this week. Biden’s $1.9 trillion pandemic relief package is still...
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