by Christopher Nye | Jan 17, 2020
Sterling strengthened yesterday, shrugging off increasing expectations of an interest rate cut. The markets are looking ahead to retail sales data, which is due to be released this morning. This could give further indication about whether we should expect a rate cut...
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by Christopher Nye | Jan 17, 2020
The pound has started today up against the euro, with positive retail sales forecast for later today. There was a slight drop earlier yesterday, as euro reacted positively to a relatively harmonious ECB meeting, with little sign of previous disagreements. Positive...
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by Christopher Nye | Jan 16, 2020
Phase one of the US-China trade deal was finally signed yesterday, and the dollar weakened as a result. The overall reaction from currencies was fairly muted since the signing has been expected for a long time and it is just the beginning of a larger deal that needs...
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by Christopher Nye | Jan 16, 2020
The euro was strong against the pound and the dollar yesterday, reaching a one week high against the greenback ahead of the signing of the US-China trade deal. However, it is slightly weaker this morning. Economic data showed that the Eurozone trade surplus widened to...
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by Christopher Nye | Jan 16, 2020
Sterling weakened yesterday after data showed that UK inflation rose at its weakest rate in three years. Inflation rate slowed to 1.3% year-on-year in December 2019, the lowest reading since November 2016 and below market consensus of 1.5%. However, the pound has...
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