by Christopher Nye | May 7, 2020
Sterling has been given a boost by the early-morning announcement that the Bank of England will keep both interest rates and its quantitative easing programme unchanged. With some policymakers calling for an increase in QE, it looks potentially more likely that there...
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by Christopher Nye | May 6, 2020
Some people don’t like the use of wartime metaphors when talking about fighting Covid-19, but as we’ve all got the day off on Friday to mark VE (Victory in Europe) Day 75 years ago, and we are apparently “over the peak”, we could maybe think...
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by Christopher Nye | May 6, 2020
The dollar is up against the pound this morning, although not at levels of the end of last month. It continues to benefit from its safe-haven status, helped also by an unexpected growth in non-manufacturing prices. The IBD/TIPP economic optimism index also showed...
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by Christopher Nye | May 6, 2020
The German Constitutional Court has ruled that the ECB’s mass quantitative easing programme has not had sufficient oversight from the German government. The ECB now has three months to prove that the programme is ‘proportionate’ or the Bundesbank could theoretically...
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by Christopher Nye | May 6, 2020
The pound is on an upward tick against the euro this morning, after investors moved away from the latter following a German court ruling on quantitative easing. Services and composite PMI came in yesterday extremely low, with services contracting at a record speed....
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