by Christopher Nye | Feb 5, 2021
The dollar has weakened slightly but remains strong this morning as positive economic data is released. The US is administering around 1.3 million vaccines a day and seems to be on track to meet President Biden’s goal of “100 million shots in 100 days”. The President...
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by Christopher Nye | Feb 5, 2021
The pound is strong this morning after trading at its highest levels since May yesterday. This comes as the Bank of England assured markets that negative interest rates would not be seen in the near future. The euro continues to bear the brunt of Europe’s slow...
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by Christopher Nye | Feb 5, 2021
The pound rose to its highest levels against the euro since May yesterday and remains strong against both the euro and the dollar this morning. This follows the Bank of England’s unanimous decision to keep interest rates at 0.1%. The BoE has given banks six months to...
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by Christopher Nye | Feb 5, 2021
The euro remains weak as the pound and dollar stay strong and Europe’s vaccine rollout trails behind the UK and US, creating worries of extended lockdowns. Retail sales in the eurozone outperformed market expectations, rising 2% from December. Consumer confidence data...
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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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