by Christopher Nye | Aug 24, 2020
It could be a volatile week for sterling. After the excitement of Friday, the pound starts the week around 0.5% lower today than early Friday. Sterling had been enjoying a positive week for economic data, but this was scuppered by a disappointing update from the...
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by Christopher Nye | Aug 24, 2020
There’s a week of politics and policymakers ahead of us, with important signals as to the future of monetary policy at the Jackson Hole symposium, the “return to normality” from Covid, Trump’s potential second term and of course, Brexit. Last week ended with a small...
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by Christopher Nye | Aug 21, 2020
The dollar was slightly stronger yesterday as its safe-haven appeal came into play again. This was a result of meeting minutes from the Federal Reserve, which expressed worries over the US economy, and jobless claims data. Weekly US jobless claims on Thursday once...
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by Christopher Nye | Aug 21, 2020
Minutes from the ECB’s latest monetary policy meeting were released yesterday. The word ‘uncertainty’ appeared 20 times, which probably sums up the outlook for most central banks at the moment. There were no huge revelations, but officials were keen to distinguish...
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by Christopher Nye | Aug 21, 2020
The pound was boosted by increased retail sales, more than gaining what it lost against the euro yesterday and gaining its losses against the dollar. Sterling has risen 7% against the dollar over the past seven months, but this has been mainly due to dollar strength....
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