by Christopher Nye | Nov 20, 2020
The dollar was slightly stronger yesterday, benefitting from its safe-haven status as jobless claims figures showed an unexpectedly large rise in the week ending November 14. The number rose to 742,000 compared to 711,00 in the previous week and well above market...
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by Christopher Nye | Nov 20, 2020
European Central Bank’s President, Christine Lagarde, made a speech yesterday, pledging a stimulus response package for next month. She said that despite news that a vaccine could be on its way, this shouldn’t stop financial aid to help the bloc recover from the...
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by Christopher Nye | Nov 20, 2020
The pound weakened against the euro and the dollar yesterday as the markets awaited hints that a Brexit trade deal can be agreed before the end of the transition period. There was a brief resurgence this morning as UK retail sales came in ahead of expectations. Today...
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by Christopher Nye | Nov 20, 2020
The pound weakened yesterday ahead of expectations for more Brexit news today. Chief negotiator for the EU, Michel Barnier, is expected to brief all 27 member states on the progress of Brexit negotiations this morning. It is still uncertain whether a deal will be...
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by Christopher Nye | Nov 19, 2020
Positive vaccine news offset by rising coronavirus cases continue to impact the dollar, which has gained some ground. The US recorded 250,000 COVID-19 deaths, with additional states imposing restrictions. President Trump has requested a partial recount of the votes in...
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