by Christopher Nye | Sep 18, 2020
The single currency gained almost 1% on USD yesterday but after a strong start ended the day weakening against sterling. The drop against sterling was a result of the EU Commission president saying she was convinced that a trade deal could be reached with the UK in...
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by Christopher Nye | Sep 18, 2020
The Bank of England will “begin structured engagement on the operational considerations in 2020 Q4”. That’s the phrase in the minutes accompanying today’s interest rate decision that saw sterling tumbling at midday yesterday. Despite this, sterling ended the day...
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by Christopher Nye | Sep 18, 2020
Sterling staged its own V-shaped recovery yesterday, dropped sharply against all major currencies following comments from the Bank of England that it is preparing for negative interest rates, but recovering close to where it started by the close, following positive...
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by Christopher Nye | Sep 17, 2020
Following comments by Fed Reserve chairman Jerome Powell that the new inflation target is “moderately above 2%” – a more dovish stance – the dollar rose slightly against the euro. The Fed said that the US economy had risen faster than expected and so was updating...
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by Christopher Nye | Sep 17, 2020
The single currency strengthened against the US dollar during the morning session before dropping by nearly a cent during the afternoon session. It also ended the day around 1% weaker against sterling. Commission Chair Ursula von der Leyen’s first state of the union...
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