by Christopher Nye | Dec 5, 2019
The dollar weakened further yesterday following the release of US private sector job growth data, which unexpectedly showed that private sector hiring slowed to its weakest pace in six months. The ISM non-manufacturing figure also fell to 53.9 in November from 54.7...
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by Christopher Nye | Dec 5, 2019
Euro hit a 2.5-year low against the pound yesterday, put under pressure by positivity in the UK over the upcoming election. There was a mixed bag of releases yesterday morning, with Italian services showing a larger-than-expected drop, although German figures did edge...
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by Christopher Nye | Dec 5, 2019
Sterling hit a 2.5-year high against the euro yesterday and is still strong this morning, buoyed by positivity from recent polls that a Conservative majority is likely, meaning that the uncertainty of a hung parliament could be avoided. Today, the markets will be...
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by Christopher Nye | Dec 4, 2019
The dollar weakened further yesterday as President Trump indicated that he has no deadline to complete a trade deal with China. Speaking to reporters in London, he said, “I have no deadline. In some ways, I think it’s better to wait until after the election, if you...
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by Christopher Nye | Dec 4, 2019
Euro weakened against the pound yesterday, with optimism over the UK election helping to keep sterling strong. It was quite quiet for economic releases, although Eurozone PPI showed its steepest annual decrease since 2016. Meanwhile, the US has threatened tariffs on...
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