by Christopher Nye | Jan 10, 2020
The dollar was strong against both the pound and the euro yesterday, benefitting from sterling’s weakness. Today, we’ll see the release of Non-Farm Payrolls, which are expected to come in at 164,000. This would be a drop from the previous reading of 266,000, which...
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by Christopher Nye | Jan 10, 2020
Euro has begun the day up against the pound, as German industrial production reversed the trend of shrinking from the past two months, re-entering positive figures. It’s a positive sign for the markets, particularly as the sector has been one of the more problematic...
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by Christopher Nye | Jan 10, 2020
The pound fell against both the euro and the dollar yesterday after Governor of the Bank of England, Mark Carney, delivered a downbeat speech on the state of the economy. Carney said that there would be a “relatively prompt response” if it looked as though the economy...
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by Christopher Nye | Jan 10, 2020
British consumers have cut back on their spending despite the Christmas period, figures released yesterday showed. The pound drifted downward on the news, hitting a two-week low against the dollar, although it has now moved back upward. Data from the eurozone was more...
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by Christopher Nye | Jan 9, 2020
The dollar was strong yesterday as fear of further retaliation from Iran waned. After striking a US air base in response to the US missile strike which killed their top general, Iran said that their response was “proportionate” and indicated that there would be no...
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