by Christopher Nye | Feb 21, 2020
Despite positive data releases yesterday, the pound was weak against both the euro and dollar. Sterling particularly struggled against the greenback, which rose against a basket of currencies. This morning, the pound is still weaker against the dollar but firm against...
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by Christopher Nye | Feb 21, 2020
Good retail sales data yesterday failed to give sterling a boost after its highs earlier in the week, with the euro slightly gaining ground yesterday afternoon. The ECB’s meeting notes showed expectations of ‘positive but modest’ growth, despite ‘elevated’ risks from...
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by Christopher Nye | Feb 20, 2020
The dollar was strong against a basket of currencies yesterday, supported by positive data. US homebuilding fell less than expected in January while permits rose to nearly a 13-year high, pointing to housing market strength. The greenback is still strong today due to...
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by Christopher Nye | Feb 20, 2020
Eurozone construction unexpectedly slumped over the last year, figures yesterday revealed. The markets had been expecting an increase, and the fall put further pressure on the single currency. Among individual countries, Germany and France saw output fall by 4.2% and...
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by Christopher Nye | Feb 20, 2020
The pound strengthened yesterday after inflation rate data was released, coming in higher than forecast. Inflation rose for the first time in 6 months, jumping to 1.8% in January of 2020 from 1.3% in December and above market expectations of 1.6%. It’s now closer to...
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