by Christopher Nye | Nov 8, 2019
The euro saw a slight weakening yesterday as the European Commission downgrades its forecasts, cutting growth expectations to 1.1%. However, the Commission did emphasise that this is still the seventh year of consecutive growth, and pointed to poor manufacturing...
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by Christopher Nye | Nov 8, 2019
The pound fell to a two week low yesterday after the Bank of England released their report on interest rates. They kept rates on hold at 0.75% as expected. However, two policy makers voted to cut rates by 25 basis points, citing threats to the economic outlook and...
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by Christopher Nye | Nov 7, 2019
The dollar slipped slightly yesterday as the markets awaited more US-China trade news and clarity on the progress of negotiations. Hopes of an impending ‘phase one’ deal increased as China are reportedly pushing for the proposed December tariffs to be removed. They’re...
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by Christopher Nye | Nov 7, 2019
Euro is slightly up against the pound, after a day of good economic releases, with retail sales and services PMI coming in better than expected. Nonetheless, the ECB continues to voice its concern over how robust European banks are; Luis de Guindos told policymakers...
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by Christopher Nye | Nov 7, 2019
Sterling is mostly sticking to narrow ranges against the euro and has hovered near a one week low against the dollar, ahead of the Bank of England announcement today. The announcement on interest rates is due to take place at midday today. Rates are expected to be...
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