by Christopher Nye | Mar 6, 2020
The dollar was weaker yesterday as expectations for another interest rate cut from the Federal Reserve grew. This comes after the Fed cut rates by half a percentage point in an emergency move against the coronavirus. Markets are currently pricing in a 25-basis point...
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by Christopher Nye | Mar 6, 2020
The first round of face-to-face UK-EU trade talks are coming to an end, described as ‘constructive’ but with significant differences. The EU has also accused UK negotiators of approaching individual countries on a separate basis, warning that the bloc needs to remain...
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by Christopher Nye | Mar 6, 2020
The pound remained strong against the euro and the dollar yesterday and is still strong this morning. Its recovery began when the incoming BoE Governor, Andrew Bailey, hinted that they won’t be rushing into a coronavirus related interest rate cut. Sterling was further...
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by Christopher Nye | Mar 5, 2020
After weakening due to the Federal Reserve cut interest rates on Tuesday, yesterday the dollar regained its strength. Fears that other central banks could follow suit and cut interest rates took hold. However, the greenback is slightly weaker this morning on news that...
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by Christopher Nye | Mar 5, 2020
It was a positive start to the day for the eurozone yesterday, as Italian GDP came in better than expected, narrowly missing the expected stagnation point of 0% growth. Eurozone services and composite PMI also came in at or close to expectations. Coronavirus fears...
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