by Christopher Nye | Jan 8, 2020
The pound had what we tend to call a “choppy” day yesterday; sharply up, sharply down, but basically going nowhere, and pretty chipper compared to most of the past three years. Against the dollar, the general view seems to be that if the pound can stay...
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by Christopher Nye | Jan 7, 2020
The dollar was weaker against the pound and the euro yesterday, but is stronger this morning as Iran designated the US military a terrorist organisation. Iran has also said that it is considering up to 13 retaliation scenarios. Both Services and Composite PMI’s were...
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by Christopher Nye | Jan 7, 2020
Although the euro weakened slightly against the pound yesterday, investors are still feeling positive about its prospects, with confidence reaching a more-than-twelve-month high after three months of growth. That said, the figure is not astronomically high in itself,...
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by Christopher Nye | Jan 7, 2020
The pound strengthened yesterday on the back of positive Services PMI data, which was revised higher to 50, bringing the figure out of contraction territory. The boost also occurred as investors returned to sterling after opting for safe-haven currencies due to the...
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by Christopher Nye | Jan 7, 2020
The pound had a boost yesterday from strong services data, as the figure showed the sector coming out of contraction. Today, MPs will return to Parliament after their Christmas break. Data from the eurozone also showed continued growth in investor confidence, in a...
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