by Christopher Nye | Aug 27, 2020
The euro is mostly unchanged against the pound and dollar as the markets waited for the speech from Fed Chair Jerome Powell. The German government announced yesterday that it would extend its jobs support scheme until the end of 2021. The scheme, which is their...
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by Christopher Nye | Aug 27, 2020
Sterling was mostly unchanged against the dollar and rose slightly against the euro yesterday. This week has been fairly light on data for the UK, so events elsewhere or any Brexit news could have an effect on sterling. Any signs of overall global sentiment improving...
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by Christopher Nye | Aug 27, 2020
The markets will focus on a key speech from Federal Reserve Chairman, Jerome Powell, which is due to be made later today at the Jackson Hole Symposium. The annual event is used by central bankers to voice major new policy ideas and this year, it’s being held...
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by Christopher Nye | Aug 26, 2020
The dollar weakened yesterday after news that a phone call between US and Chinese officials has provided optimism over the phase one trade deal. Negotiators from both sides said that they are still committed to the deal, causing sentiment to improve and the dollar to...
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by Christopher Nye | Aug 26, 2020
The euro strengthened against the dollar yesterday due to a positive data release in the morning, which showed that business sentiment in Germany is improving. The Ifo Business Climate indicator rose more than expected in August, as both manufacturing and services...
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