by Christopher Nye | Jan 15, 2020
Sterling recovered slightly yesterday afternoon, after dropping to due increased expectations of a rate cut. Markets are now pricing in a 43% chance for a 25 basis point cut at the end of this month. A series of data for the UK, EU and US will be released today,...
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by Christopher Nye | Jan 14, 2020
The dollar is up against the pound today, benefitting from sterling’s weakness. However, it was weak against the euro. A series of data for the US will be released today, including inflation rate and business optimism figures. Inflation rate is expected to come in at...
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by Christopher Nye | Jan 14, 2020
The euro is strong against the pound and the dollar today, despite poor German and Italian data earlier in the day. This morning, ECB official Yves Mersch will make a speech and is expected to hint at the eurozone’s current position towards monetary policy. Today is...
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by Christopher Nye | Jan 14, 2020
Sterling weakened yesterday following disappointing GDP data, which increased expectations that there may be an interest rate cut in the near future. The UK economy grew 0.6% year-on-year in November 2019, the weakest expansion since June 2012. Service sector firms...
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by Christopher Nye | Jan 14, 2020
Sterling weakened yesterday as data showed that Britain’s economy grew at the weakest annual pace in more than seven years in November. This has increased fears of an interest rate cut later this month. It’s relatively quiet on the data front for the Eurozone today,...
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