by Christopher Nye | Jun 22, 2020
The dollar finished last week in a strong position against the pound and the euro. It was still benefitting from ‘safe-haven’ demand due to fears of a second COVID-19 wave. Friday concluded with several speeches from Federal Reserve officials, include Chairman Jerome...
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by Christopher Nye | Jun 22, 2020
The pound ended last week on a soft note as it continued to process the Bank of England’s decision to boost its quantitative easing programme. Meanwhile, the Prime Minister announced on Friday that the government department responsible for overseas aid is to be merged...
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by Christopher Nye | Jun 19, 2020
The dollar may have gained some ground against both the euro and pound yesterday, but remains at one of its lowest rates for the past year and a half. The immediate cause is the surge in Covid cases in the US. Ten US states saw their worst tally of news cases so far....
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by Christopher Nye | Jun 19, 2020
The single currency fell against the US dollar yesterday as renewed global coronavirus woes sent investors looking for the safety of the dollar. The Eurozone is winning support for its largely exemplary handling of the Covid crisis. Millions of Germans, Poles and...
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by Christopher Nye | Jun 19, 2020
The Bank of England Monetary Policy Committee voted to keep interest rates on hold at 0.10% yesterday, as expected, and raise quantitative easing (QE) by £100bn, as expected. Although the MPC has been described as “flirting” with the idea of bringing in negative...
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