by Christopher Nye | Sep 17, 2020
GBP strengthened by around 1% on news of a potential compromise on the Internal Markets Bill. However, this falls short of a U turn and may not be enough to satisfy other powers, including both EU and US trade negotiators. Inflation was 0.2% in the year to the end of...
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by Christopher Nye | Sep 17, 2020
America’s central bank kept interest rates on hold at 0.25% as expected, but said it would be continuing to support the economic recovery with prolonged low interest rates. In the UK, the government has reached a compromise with Conservative MPs threatening to rebel...
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by Christopher Nye | Sep 16, 2020
The single currency weakened by around 0.5% yesterday against both GBP and EUR, this despite Eurozone ZEW Economic Sentiment hitting its highest reading since February 2004. French and Italian inflation data was as expected at 0.2% in France (same as the UK) and -0.5%...
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by Christopher Nye | Sep 16, 2020
USD recovered around 0.5% against the Euro yesterday, despite varied economic data: a key manufacturing index leapt by 17%, well ahead of expectations, but industrial production data disappointed. The US Federal Reserve will announce its interest rate decision at 7pm...
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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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