by Christopher Nye | Mar 2, 2021
Sterling rallied early yesterday in response to positive data across the board (including mortgage lending, manufacturing PMI and lower credit card bills), but then declined through the rest of the day ending slightly below where it started. The boost from being the...
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by Christopher Nye | Mar 2, 2021
Sterling weakened across the board yesterday as positive vaccine and lower infection data begins to be priced in. The dollar strengthened across all major currencies, something that will not please President Biden as his team aims to bolster American manufacturing...
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by Christopher Nye | Mar 1, 2021
The dollar is weaker against a basket of currencies as US treasury yields have stabilised. This means that riskier currencies are now in favour over reserve currencies, such as the US dollar. The markets are still keeping an eye on Biden’s $1.9 trillion stimulus bill,...
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by Christopher Nye | Mar 1, 2021
The euro is weaker against the dollar this morning ahead of a busy week for Eurozone data and the European Central Bank. The single currency could weaken further if the ECB follow through with their suggestions that the Bank will act aggressively to counter an...
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