by Christopher Nye | Sep 3, 2020
After starting the week in a strong position, sterling was slightly weaker yesterday after Bank of England officials commented on the UK’s economic recovery. Whilst taking questions from MPs in the Treasury Committee, policymakers warned that Britain’s economy could...
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by Christopher Nye | Sep 3, 2020
The pound is still well supported against the euro and dollar but weakened slightly yesterday after Bank of England officials warned that the UK’s economic recovery could be more drawn out than expected. Although views differ slightly between officials, it’s agreed...
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by Christopher Nye | Sep 2, 2020
The dollar continued to suffer yesterday after Jerome Powell announced a change of gear for the Federal Reserve last week. The Fed announced that it would focus more on employment and tolerate periods of higher inflation, which means that interest rates will probably...
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by Christopher Nye | Sep 2, 2020
The euro also strengthened against the dollar yesterday, hitting key levels as the greenback weakened against most major currencies. The euro was weaker against the pound, however, possibly due to coronavirus worries. Infection rates are rising again in some European...
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by Christopher Nye | Sep 2, 2020
Sterling strengthened to its highest level against the dollar since last year yesterday and reached a 3-month high against the euro. Strength against the dollar is mainly due to greenback weakness, which came about after the Federal Reserve’s change of stance towards...
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