by Christopher Nye | Jan 11, 2021
The pound is slightly weaker against the euro and dollar this morning as the possibility of negative interest rate cuts from the Bank of England continue to weigh. As coronavirus infection rates continue remain high in the UK, rumours of increased restrictions could...
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by Christopher Nye | Jan 11, 2021
The pound is under pressure against the euro and the dollar this morning due to the increasing possibility that the Bank of England will introduce negative interest rates. Several BoE officials are due to speak this week, including Governor Andrew Bailey, which could...
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by Christopher Nye | Jan 11, 2021
The pound has been trading in a fairly narrow band over the past week, paring back swings of 3% over the previous three weeks against the euro but currently relatively strong. It has weakened by half a percentage point in early trading against the US dollar. Looking...
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by Christopher Nye | Jan 8, 2021
The dollar has strengthened to its highest level in a week against the euro, benefitting from hopes of a strong economic recovery. This comes ahead of Non-Farm Payrolls data later today, which is a significant indicator of how the US economy performed in December. US...
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by Christopher Nye | Jan 8, 2021
The euro is weaker against the dollar and the pound this morning, due to strength from both the greenback and sterling. A series of data releases yesterday revealed that Eurozone inflation and retail sales fell in December and November. It was the biggest decline in...
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