Sterling hits new six-month high

Continued optimism around the upcoming election helped to push sterling to a six-month high yesterday, as opinion polls show the government is set to return with a majority. The week has started with few economic releases, and much attention from within the eurozone...


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USD: Dollar awaits further trade developments

The dollar was weak against the pound and the euro at the end of last week. Despite this, retail sales rose 0.3% from a month earlier in October 2019, reversing a 0.3% drop in September and beating market expectations of 0.2%. This was driven by motor vehicle sales...


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EUR: UK election optimism keeps euro below pound

Election optimism in the UK is continuing to put pressure on the euro, which remains down against the pound. Inflation in the eurozone continued to shrink for the fifth month running, according to figures released this morning. Meanwhile, the Eurozone’s trade surplus...


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