by Christopher Nye | Nov 14, 2019
German GDP figures show that the country has avoided a recession, coming in at 0.1% verses the -0.1% that was expected. Year-on-year, the figure came in as predicted at 0.5%, showing very slight growth. Later today, we will also see Eurozone-wide GDP figures, expected...
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by Christopher Nye | Nov 14, 2019
The pound was slightly weaker against the dollar yesterday but stable against the euro, as weak economic data failed to move sterling. Consumer price inflation fell to 1.5% year-on-year in October 2019 from 1.7% in the previous month and below market expectations of...
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by Christopher Nye | Nov 14, 2019
Poor economic data yesterday had little impact on the pound, as continued optimism over the election helped to keep the pound up against the euro. German GDP figures this morning show that the German economy has grown, meaning that a recession has been avoided....
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by Christopher Nye | Nov 13, 2019
The dollar strengthened yesterday on cautious optimism ahead of President Trump’s speech on trade. He was expected to announce a delay on EU auto tariffs and also to comment on the progress of a ‘phase one’ deal with China. However, Trump’s speech was perhaps...
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by Christopher Nye | Nov 13, 2019
It was a positive day for the eurozone yesterday, as economic sentiment figures came in much better than expected, almost 31 points above forecasts. However, in a reminder of the unpredictability of the currency markets, there was little movement from the euro, which...
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