by Christopher Nye | Jan 14, 2020
The euro is strong against the pound and the dollar today, despite poor German and Italian data earlier in the day. This morning, ECB official Yves Mersch will make a speech and is expected to hint at the eurozone’s current position towards monetary policy. Today is...
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by Christopher Nye | Jan 14, 2020
Sterling weakened yesterday following disappointing GDP data, which increased expectations that there may be an interest rate cut in the near future. The UK economy grew 0.6% year-on-year in November 2019, the weakest expansion since June 2012. Service sector firms...
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by Christopher Nye | Jan 14, 2020
Sterling weakened yesterday as data showed that Britain’s economy grew at the weakest annual pace in more than seven years in November. This has increased fears of an interest rate cut later this month. It’s relatively quiet on the data front for the Eurozone today,...
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by Christopher Nye | Jan 13, 2020
The dollar strengthened on Friday after the release of the US jobless rate, which held steady at near a 50-year low of 3.5% and non-farm payrolls missed expectation, increasing by 145,000 jobs. However, the poor Non-Farm Payrolls figures come amid a batch of strong...
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by Christopher Nye | Jan 13, 2020
Euro ended last week up against the pound, after French and Spanish industrial production both came in better than forecast. This follows on the heels of above-expectation German industrial data earlier this week, and is a positive sign for the markets, although...
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