by Christopher Nye | Nov 5, 2019
The dollar strengthened yesterday on positive rhetoric surrounding the US-China trade war. U.S. Commerce Secretary Wilbur Ross said that U.S.-based companies would be issued with licenses to sell to Chinese tech giant Huawei “very shortly,” adding that the government...
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by Christopher Nye | Nov 5, 2019
The euro was strong against the pound yesterday, benefitting from sterling’s weakness. Yesterday evening, Christine Lagarde made her first official speech as President of the ECB, after taking over from Mario Draghi. She steered clear of commenting on monetary policy,...
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by Christopher Nye | Nov 5, 2019
Sterling slipped yesterday as the prospect of the upcoming general election and poor data weakened the pound. UK construction PMI showed that the sector shrank for the sixth month in a row in October. The figure came in as expected and reflected the uncertainty...
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by Christopher Nye | Nov 5, 2019
The pound slipped slightly against the euro and the dollar yesterday as the markets considered the uncertainties surrounding the upcoming general election. The dollar is stronger due to positive US-China trade rhetoric and awaits a series of important data releases...
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by Christopher Nye | Nov 4, 2019
The euro has weakened this morning ahead of the first official speech from the new President of the ECB, Christine Lagarde. Her speech comes during a time of divisions between ECB policy makers over the eurozone’s approach to slowing economic growth. After...
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