by Christopher Nye | Jul 30, 2020
Sterling was still benefitting from dollar weakness yesterday, rising to a five month high and near to pre-coronavirus levels. However, the pound was flat against the euro. This morning, the pound still remains at a significantly strong level against the greenback....
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by Christopher Nye | Jul 30, 2020
All eyes were on the Federal Reserve’s press conference yesterday evening, which followed their latest monetary policy meeting. As expected, Fed officials voted to keep interest rates on hold and pledged to support the economy. The statement said the rate would stay...
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by Christopher Nye | Jul 29, 2020
The dollar rose against most currencies yesterday on hopes of guidance at the Federal Reserve’s meeting, which is due to finish later today. However, the greenback is weaker again this morning as worries over the US economy set in. Although no changes to monetary...
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by Christopher Nye | Jul 29, 2020
The euro was looking slightly weaker against the dollar and pound yesterday evening, retreating from a two year high against the greenback. The consumer confidence in France edged down to 94 in July from a downwardly revised 96 in June, well below market forecasts of...
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by Christopher Nye | Jul 29, 2020
Sterling was stronger against both the euro and the dollar yesterday and remains strong this morning. This was possibly due to promising retail sales data, which built on the positive PMI data for July that we saw at the end of last week. The Distributive Trades...
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