by Christopher Nye | Jan 29, 2020
Tomorrow will be an interesting day on the currency markets as we all tune in to the Bank of England at high noon for the pronouncement of its Monetary Policy Committee on interest rates. Will they cut or will they keep them on hold? Predictions are split more or less...
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by Christopher Nye | Jan 29, 2020
The dollar remained strong throughout yesterday ahead of the Federal Reserve’s meeting, which is due to take place today. Durable goods orders came in better than expected yesterday, providing optimism that comments from officials will be ‘less dovish’. The Fed are...
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by Christopher Nye | Jan 29, 2020
Euro is up against the pound this morning, profiting from the latter’s downward movement ahead of the Bank of England’s interest rate announcement. Italian consumer and business confidence figures have come in positively this morning. German consumer confidence showed...
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by Christopher Nye | Jan 29, 2020
The pound slipped to a one week low against the dollar and weakened against the euro yesterday as nerves build for both the Bank of England interest rate cut and Brexit. However, it is stronger against the euro today. Markets are currently pricing in a 52% chance of a...
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by Christopher Nye | Jan 29, 2020
The pound has started the day stronger against the euro and weaker against the dollar, as investors wait for the result of tomorrow’s interest rate decision, and concerns over the UK’s position post-Brexit continue. Boris Johnson’s decision to accept some use of...
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