by Christopher Nye | Jan 24, 2020
As expected, the ECB held interest rates steady yesterday. The main story instead really is Christine Lagarde’s launch of a major monetary policy strategy review, against a background of ‘declining trend growth, slowing productivity [and] the legacy of the financial...
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by Christopher Nye | Jan 24, 2020
The pound continued its strength against the euro yesterday following a series of positive data releases, which have decreased the chance of an interest rate cut next week. Sterling also remains stable against the dollar. Attention turns to UK Purchasing Managers...
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by Christopher Nye | Jan 24, 2020
It has been a busy week this week, with the Brexit Withdrawal Bill receiving Royal Assent and expected to be soon signed by EU officials. Yesterday, the ECB announced a sweeping review of its targets and strategy, which is widely expected to see a fundamental shift in...
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by Christopher Nye | Jan 23, 2020
The dollar edged lower yesterday, as China’s response coronavirus caused safe-haven currencies to slip. Despite more than 470 cases and fears of global contagion, the swift response from China has helped to reassure investors. The greenback is slightly stronger...
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by Christopher Nye | Jan 23, 2020
Euro is down against the pound this morning, after the latter strengthened on strong business optimism figures and a decreasing likelihood of a rate cut. The European Central Bank will likely leave interest rates unchanged at its meeting this afternoon, and Christine...
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