by Christopher Nye | Dec 20, 2019
The dollar was little changed yesterday morning and benefitted from a weaker pound in the afternoon. Following strong data earlier in the week, the greenback brushed off reports that Philadelphia Fed’s business conditions index fell to 0.3 in December from 10.4 in...
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by Christopher Nye | Dec 20, 2019
The euro has recovered most of its election losses against the pound, as worries over the possibility of the UK leaving without a trade deal weigh on the pound. It has also been helped by encouraging data releases this morning, with Italian consumer and business...
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by Christopher Nye | Dec 20, 2019
Following a stronger start to the day, the pound weakened in the afternoon yesterday after the Bank of England’s monetary policy meeting. It’s choppy this morning ahead of the House of Commons debating and voting on Boris Johnson’s Withdrawal Bill. The...
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by Christopher Nye | Dec 20, 2019
The Bank of England held interest rates steady yesterday, but the main story in some ways was that two policymakers voted again for a cut. This has raised worries that we may see a cut in the future, and the pound weakened on the back of it. Sterling is also still...
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by Christopher Nye | Dec 19, 2019
The dollar is lower this morning following the news that Donald Trump has been impeached. Trump has become the third US President to be impeached following a historic vote in Congress yesterday. After 10 hours of debate, the House of Representatives voted on two...
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