by Christopher Nye | Jan 16, 2020
Phase one of the US-China trade deal was finally signed yesterday, and the dollar weakened as a result. The overall reaction from currencies was fairly muted since the signing has been expected for a long time and it is just the beginning of a larger deal that needs...
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by Christopher Nye | Jan 16, 2020
The euro was strong against the pound and the dollar yesterday, reaching a one week high against the greenback ahead of the signing of the US-China trade deal. However, it is slightly weaker this morning. Economic data showed that the Eurozone trade surplus widened to...
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by Christopher Nye | Jan 16, 2020
Sterling weakened yesterday after data showed that UK inflation rose at its weakest rate in three years. Inflation rate slowed to 1.3% year-on-year in December 2019, the lowest reading since November 2016 and below market consensus of 1.5%. However, the pound has...
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by Christopher Nye | Jan 16, 2020
The pound was weaker yesterday after poor inflation rate data, which further increased expectations of an interest rate cut at the end of the month. However, it has recovered slightly this morning. The eurozone also saw some disappointing data, whilst the signing of...
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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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