by Christopher Nye | Jan 21, 2021
The pound has continued to strengthen against both the euro and the dollar this morning. Yesterday, positive inflation rate data gave sterling a boost and the rally has continued. Market optimism due to a Biden Presidency and the promise of more stimulus in the US has...
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by Christopher Nye | Jan 21, 2021
The pound is still at strong levels against both the euro and the dollar this morning due to general market optimism, positive inflation data and the UK’s vaccine rollout. The promise of economic stimulus relief from the Biden administration has created a more upbeat...
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by Christopher Nye | Jan 20, 2021
The dollar is weaker ahead of Joe Biden’s inauguration today. Comments yesterday from Janet Yellen, Joe Biden’s nominee for Treasury Secretary, pointed towards substantial fiscal spending to help the U.S. economy. In a speech yesterday, Yellen urged Congress to...
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by Christopher Nye | Jan 20, 2021
The euro is strong against the dollar this morning, which has mainly been driven by dollar movements. Data released for Germany and the Eurozone yesterday suggests that the economic sentiment in Europe has improved. The ZEW Indicator of Economic Sentiment for Germany...
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by Christopher Nye | Jan 20, 2021
The pound is slightly stronger against the euro and the dollar this morning, trading above significant levels against both. A combination of speculation that negative interest rates won’t be used by the Bank of England and the vaccine rollout across the UK is thought...
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