by Christopher Nye | Jan 15, 2020
The pound has been moving in the past few days because of speculation about an interest rate cut. This is all feels rather old-school, a bit 2015, as politics and Brexit has been leading GBP in recent times. The next big thing to influence currencies will be a mix of...
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by Christopher Nye | Jan 15, 2020
The dollar was mixed yesterday, showing strength against the euro and weakness against the pound. Inflation rate for the US rose to 2.3% year-on-year from the previous 2.1%. A series of data releases are due to be released today also, including mortgage rate figures....
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by Christopher Nye | Jan 15, 2020
The euro was weak against the pound and dollar yesterday and remains low today, after starting the week in a strong position. Germany’s full year GDP growth figure came in this morning at 0.6%, meeting expectations but showing the weakest expansion rate since 2013....
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by Christopher Nye | Jan 15, 2020
After weakening earlier in the day due to increased expectations for a rate cut, the pound recovered slightly yesterday afternoon. Markets are now pricing in a 43% chance for a 25 basis point cut in rates at the end of this month from the current level of 0.75%....
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by Christopher Nye | Jan 15, 2020
Sterling recovered slightly yesterday afternoon, after dropping to due increased expectations of a rate cut. Markets are now pricing in a 43% chance for a 25 basis point cut at the end of this month. A series of data for the UK, EU and US will be released today,...
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