by Christopher Nye | Jan 27, 2020
Positive economic data from the UK last week sent the pound back up to a level last seen in early December, when the markets began to price in a Boris Johnson victory. GBP/EUR is a good 3% above the average since early 2017. This is a historic week for the UK, leaving...
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by Christopher Nye | Jan 24, 2020
The dollar strengthened against yesterday as the ECB left its interest rates unchanged and launched a broad review of its policy. It was also stronger against the pound. Today, the US will release a series of PMI data. Manufacturing and Services PMI are both expected...
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by Christopher Nye | Jan 24, 2020
As expected, the ECB held interest rates steady yesterday. The main story instead really is Christine Lagarde’s launch of a major monetary policy strategy review, against a background of ‘declining trend growth, slowing productivity [and] the legacy of the financial...
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by Christopher Nye | Jan 24, 2020
The pound continued its strength against the euro yesterday following a series of positive data releases, which have decreased the chance of an interest rate cut next week. Sterling also remains stable against the dollar. Attention turns to UK Purchasing Managers...
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by Christopher Nye | Jan 24, 2020
It has been a busy week this week, with the Brexit Withdrawal Bill receiving Royal Assent and expected to be soon signed by EU officials. Yesterday, the ECB announced a sweeping review of its targets and strategy, which is widely expected to see a fundamental shift in...
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