by Christopher Nye | Nov 11, 2020
Against the euro, sterling is trading at around its highest rate since May this year. Against the US dollar we hit a two-month high yesterday, but the bigger story is that the pound hasn’t traded consistently at this sort of rate since early 2018. No surprise that we...
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by Christopher Nye | Nov 11, 2020
Dollar movements since Joe Biden claimed the presidential election have been relatively modest compared to the 5% drop following Trump’s surprise win four years ago, and that continues despite the positive vaccine news. There was no movement yesterday against the...
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by Christopher Nye | Nov 11, 2020
There was little movement yesterday for EUR/USD, while the single currency slipped by around 1% against GBP. Data releases were mainly negative, notably the ZEW economic sentiment survey for both Germany and the EU as a whole. Rampant COVID cases in Europe took some...
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by Christopher Nye | Nov 11, 2020
The pound stormed to very nearly its highest rate since last May against the euro and is bobbling around among the highest rates against the US dollar since mid-2018. Positivity around the vaccine, Brexit and even the signs that President Biden may not be as...
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by Christopher Nye | Nov 11, 2020
The pound has reached two-month highs against the euro and dollar this morning on news that a vaccine for COVID-19 may be ready soon. The health secretary, Matt Hancock, put forward a more upbeat message about the government’s fight against the virus yesterday,...
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