by Christopher Nye | Mar 9, 2020
Coronavirus dominated the headlines last week, pushing both the pound and the dollar down against the euro. The pound did, however, finish the week up against the dollar, despite positive data releases from the US. This morning, the euro has also been helped against...
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by Christopher Nye | Mar 9, 2020
The dollar weakened against a basket of currencies on Friday due to a sharp drop in US government bond yields due to coronavirus worries. Non-Farm Payrolls beat expectations by a mile, coming in at 273,000, the same as the previous reading and above predictions of...
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by Christopher Nye | Mar 6, 2020
The pound recovered a little of its losses against the euro yesterday and remains strong against the euro and dollar today. The first round of face-to-face trade talks in Brussels came to an end, with little unexpected. The two sides described them as constructive,...
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by Christopher Nye | Mar 6, 2020
The dollar was weaker yesterday as expectations for another interest rate cut from the Federal Reserve grew. This comes after the Fed cut rates by half a percentage point in an emergency move against the coronavirus. Markets are currently pricing in a 25-basis point...
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by Christopher Nye | Mar 6, 2020
The first round of face-to-face UK-EU trade talks are coming to an end, described as ‘constructive’ but with significant differences. The EU has also accused UK negotiators of approaching individual countries on a separate basis, warning that the bloc needs to remain...
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