by Christopher Nye | Aug 25, 2020
The only data release today is at 11am, with CBI Distributive Trades, a test of retail expectations. Last month it beat expectations and this will be supportive of sterling if repeated this month. With little news yesterday the pound traded within a very narrow band...
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by Christopher Nye | Aug 25, 2020
There was little movement in GBP/EUR yesterday as data and news was thin on the ground, although GBP/USD swung down and then up by roughly 0.5% over the past 24 hours. Things could liven later in the week with more from Trump and central bankers at the Jackson Hole...
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by Christopher Nye | Aug 24, 2020
For currencies it’s going to be an interesting week. Sterling is still holding up well for the time of year, as recent third quarters have seen it suffer. On Brexit talks, as no-one has any real idea of the UK government or EU’s propensity for a no-deal, traders are...
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by Christopher Nye | Aug 24, 2020
The dollar could come under threat midweek with the (virtual) Jackson Hole symposium of senior policymakers. What can US policymakers do about arresting the dollar’s structural weakness? Tuesday is the big day for data in the US, with house prices, new home sales and...
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by Christopher Nye | Aug 24, 2020
The second coronavirus wave is continuing to sweep across Europe as youngsters in particular drop social distancing in the tourist resorts. In Italy, the government says that nightlife could be stopped at 6pm, while German chancellor Angela Merkel has warned of more...
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