by Christopher Nye | May 18, 2020
The dollar was given a small boost against the pound on Friday by better-than-expected data. Retail sales fell, but by less than expected, and Michigan consumer sentiment came in better than forecast. Today’s housing market figures are expected to show a small...
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by Christopher Nye | May 18, 2020
The euro may have closed Friday up against the pound, but it has been trading in a narrow range, held down by poor data releases. The Germany economy shrank by 2.2% in Q1, figures early on Friday showed, while the Eurozone economy as a whole contracted by 3.8%...
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by Christopher Nye | May 18, 2020
The prospect of negative interest rates has again been raised by the Bank of England, this time by Chief Economist Andy Haldane, causing the pound to weaken against the euro. The pound had already ended last week down against the euro, after David Frost warned that...
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by Christopher Nye | May 18, 2020
The pound has started this week down against the euro and dollar, after the Bank of England once again raised the prospect of negative interest rates. Concerns about Brexit also continue, with last week’s talks said to have made ‘little progress’. The euro is...
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by Christopher Nye | May 18, 2020
As we approach the third month of lockdown in the UK, the pound has weakened almost 3% against the euro since this time last week. The most obvious cause was an interview with Andy Haldane, chief economist at the Bank of England, who said that the Bank is looking at...
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