by Christopher Nye | Jan 27, 2020
The dollar was strong on Friday, taking advantage of a weak pound and euro. The greenback rose to a near eight-week high against the euro. US PMI data showed that the economy is still facing pressure. US Manufacturing PMI fell to 51.7 in January of 2020 from 52.4 in...
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by Christopher Nye | Jan 27, 2020
The euro ended the week drifting against the pound, despite a relatively good round of PMI data. The biggest news for the eurozone was perhaps the launch of the ECB’s strategic review, with observers widely expecting that it will result in some form of modification of...
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by Christopher Nye | Jan 27, 2020
After a strong rally in the middle of the week, the pound weakened on Friday afternoon despite stronger than expected PMI data. Sterling rallied initially but then moved lower, possibly because some believe that an interest rate cut will still go ahead this week. The...
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by Christopher Nye | Jan 27, 2020
This is a significant week for the UK, although little practical change will be seen yet. The Brexit deadline is this Friday, and the European Parliament is set to ratify the Withdrawal Agreement this Wednesday. The pound had a strong rally mid-week last week, but has...
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by Christopher Nye | Jan 27, 2020
Positive economic data from the UK last week sent the pound back up to a level last seen in early December, when the markets began to price in a Boris Johnson victory. GBP/EUR is a good 3% above the average since early 2017. This is a historic week for the UK, leaving...
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