by Christopher Nye | Sep 4, 2020
After a strong start to the month, the pound weakened against both the euro and the dollar yesterday. Dollar strength, Brexit uncertainty and worries about the UK economy have caught up with sterling. A decline in the global markets has also caused the pound to...
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by Christopher Nye | Sep 4, 2020
The pound weakened slightly against both the euro and the dollar yesterday, but still remains in a fairly strong position overall. Dollar strength and worries over both Brexit and the UK economy are putting pressure on sterling, as well as a decline in global stocks....
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by Christopher Nye | Sep 3, 2020
The dollar was slightly stronger against the pound and euro yesterday, benefitting from pound and euro weakness. Today, there is a series of important data releases for the US, including Balance of Trade, PMIs and jobless claims. Data released yesterday showed that...
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by Christopher Nye | Sep 3, 2020
After reaching a significant high against the dollar, the euro weakened slightly yesterday but remains around the same levels against the pound. The ECB’s Chief Economist, Philip Lane, said that exchange rate “does matter” when it comes to monetary policy, confirming...
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by Christopher Nye | Sep 3, 2020
After starting the week in a strong position, sterling was slightly weaker yesterday after Bank of England officials commented on the UK’s economic recovery. Whilst taking questions from MPs in the Treasury Committee, policymakers warned that Britain’s economy could...
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