by Christopher Nye | Jan 19, 2021
Sterling reacted to “blue Monday”, supposedly the most miserable day of the year, by slumping in early trading against both EUR and USD, before recovering its losses by the end of the day. It remains around 2% stronger against the euro than this time last month, as...
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by Christopher Nye | Jan 19, 2021
In the UK more than 4 million people have now had their first dose of vaccine, and the new infection rate has fallen to under 50,000 (on a three-day average) for the first time in 2021. Despite this, Health Secretary Matt Hancock warned that the lockdown could...
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by Christopher Nye | Jan 18, 2021
The dollar is slightly stronger this morning as rising COVID-19 cases have prompted the markets to opt for safe-haven currencies. There are also concerns about possible violence at President-elect Joe Biden’s inauguration on Wednesday following the events at the...
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by Christopher Nye | Jan 18, 2021
The ECB released the minutes of their December meeting at the end of last week, which revealed that there is still concern over the strength of the euro. A strong euro could hurt Europe’s economic recovery, so officials continue to keep an eye on this. The ECB’s...
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by Christopher Nye | Jan 18, 2021
Throughout the course of last week, sterling was supported after Bank of England governor, Andrew Bailey, ruled out negative interest rates at the next monetary policy meeting. Positivity surrounding the vaccine rollout also helped the pound. On Wednesday this week,...
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