by Christopher Nye | Aug 19, 2020
The pound strengthened to its highest level against the dollar since December yesterday, which was mainly driven by dollar weakness. This morning, the inflation rate for the UK jumped higher than expected in July, which shows that the economy is recovering as lockdown...
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by Christopher Nye | Aug 19, 2020
Sterling continues to enjoy a positive week, trading at around its highest levels for the past two months against EUR and the past year against USD. Chatter in the currency markets is all about sterling’s relative strength against the whole basket of currencies,...
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by Christopher Nye | Aug 18, 2020
The dollar is weak against the pound and the euro this morning. This prolonged weakness is down to a number of factors, including the stimulus relief bill which still hasn’t been reached, the coronavirus situation in the US, US-China tensions and the upcoming risk of...
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by Christopher Nye | Aug 18, 2020
The euro was in a strong position against the dollar yesterday and stayed at similar levels against the pound. This morning, ECB official Luis de Guindos will give a speech ahead of the release of the ECB’s latest policy meeting minutes, which will come out on...
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by Christopher Nye | Aug 18, 2020
The pound was stronger against the dollar yesterday, mostly due to dollar movements, and is still strong this morning. It was slightly weaker against the euro but is gaining some momentum this morning ahead of the resumption of Brexit talks, which begin today....
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