by Christopher Nye | Feb 17, 2020
The dollar remained fairly strong at the end of last week, despite another month of contraction in US industrial and manufacturing production. Retail sales came in as expected at 0.3% however, showing moderate growth. A series of PMI data will be released for the US...
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by Christopher Nye | Feb 17, 2020
The euro ended last week down against the pound, after a disappointing week of economic data. On Friday, eurozone growth figures reached a seven-year low, while German quarterly growth stagnated at 0, below market expectations. There had been hopes of a German...
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by Christopher Nye | Feb 17, 2020
After reaching a three and a half year high against the euro last week, the pound weakened slightly on Friday afternoon. It was originally boosted by the prospect of increased government spending as a result of Rishi Sunak becoming Chancellor. However, it is still...
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by Christopher Nye | Feb 17, 2020
It was an eventful week last week for the pound, after it hit a 3.5-year high earlier in the week. Poor data from the eurozone, with growth disappointing and forecasts predicting little change, also helped the pound, as did the appointment of Rishi Sunak as Chancellor...
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by Christopher Nye | Feb 17, 2020
The pound rose to a level tantalisingly close to its highest since the referendum last week. The main reason for that seems to be the arrival of a new Chancellor, Rishi Sunak, who is widely expected to act more in line with the Prime Minister’s (and his chief...
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