by Christopher Nye | Sep 16, 2020
Sterling stabilised yesterday, recovering around 0.5% as markets seemed to reconsider the previous week’s dramatic fall. That has continued this morning with better than expected inflation data. Prices rose by 0.2% in the year to the end of August, which was down on...
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by Christopher Nye | Sep 16, 2020
The US Federal Reserve will announce its interest rates decision at 7pm UK time today. Although no changes are expected and a ‘dovish’ stance is anticipated, the markets could be moved by any suggestions on future policy, especially further economic stimulus measures....
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by Christopher Nye | Sep 16, 2020
Sterling bobbed gently up and down yesterday, ending the day around 0.5% up against both the euro and US dollar. It has since moved a little higher on news of a 0.2% rise in inflation in the year to August. GBP is treading water while waiting for further clues on the...
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by Christopher Nye | Sep 15, 2020
The dollar weakened slightly against EUR yesterday, continuing a roughly 1% fall across the week but a choppy performance across the month. Dollar weakness is the overall theme, but it remains 2-3% stronger against sterling over the month, just about the only currency...
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by Christopher Nye | Sep 15, 2020
Still riding high against GBP after last week’s near 4% gain, analysts will be looking for more evidence of Europe’s economy recovery as Covid’s second wave began to decline in Spain and France. Industrial production across the Eurozone rose by 4.1% in July, slightly...
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