by Christopher Nye | Sep 16, 2020
The US Federal Reserve will announce its interest rates decision at 7pm UK time today. Although no changes are expected and a ‘dovish’ stance is anticipated, the markets could be moved by any suggestions on future policy, especially further economic stimulus measures....
read more
by Christopher Nye | Sep 16, 2020
Sterling bobbed gently up and down yesterday, ending the day around 0.5% up against both the euro and US dollar. It has since moved a little higher on news of a 0.2% rise in inflation in the year to August. GBP is treading water while waiting for further clues on the...
read more
by Christopher Nye | Sep 15, 2020
The dollar weakened slightly against EUR yesterday, continuing a roughly 1% fall across the week but a choppy performance across the month. Dollar weakness is the overall theme, but it remains 2-3% stronger against sterling over the month, just about the only currency...
read more
by Christopher Nye | Sep 15, 2020
Still riding high against GBP after last week’s near 4% gain, analysts will be looking for more evidence of Europe’s economy recovery as Covid’s second wave began to decline in Spain and France. Industrial production across the Eurozone rose by 4.1% in July, slightly...
read more
by Christopher Nye | Sep 15, 2020
The government’s win in the Commons last night was widely predicted, but is only the first parliamentary hurdle for the Bill, with amendments being added further down the legislative road. Sterling has not reacted significantly since the vote, weakening only slightly...
read more
