by Christopher Nye | Nov 15, 2019
Concerns over whether the US and China will reach a ‘phase one’ deal before the next wave of tariffs kick in has caused the dollar to weaken. The US and China are due to hold a teleconference today. However, yesterday White House economic adviser Larry...
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by Christopher Nye | Nov 15, 2019
It was a positive day for the euro yesterday, as figures showed the Eurozone is still sustaining (slight) growth, with year on year GDP figures keeping at 1.2%, instead of the projected decrease to 1.1%. Industrial production also recorded its second month of...
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by Christopher Nye | Nov 15, 2019
Sterling reached a six month high against the euro yesterday and also rose against the dollar. This is due to the continued optimism for a Conservative majority, which is thought to end the Brexit impasse and therefore be positive for sterling. As we edge closer to...
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by Christopher Nye | Nov 15, 2019
Poor retail sales did little to push the pound downwards, with continued optimism over the upcoming general election helping to keep it above the euro, despite positive news from the eurozone. German GDP figures showed unexpected growth, meaning the country has...
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by Christopher Nye | Nov 14, 2019
The dollar was mostly unmoved yesterday following the release of prepared remarks from Federal Reserve Chairman Jerome Powell. He said, “We see the current stance of monetary policy as likely to remain appropriate as long as incoming information about the economy...
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