by Christopher Nye | Jan 7, 2020
The pound strengthened yesterday on the back of positive Services PMI data, which was revised higher to 50, bringing the figure out of contraction territory. The boost also occurred as investors returned to sterling after opting for safe-haven currencies due to the...
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by Christopher Nye | Jan 7, 2020
The pound had a boost yesterday from strong services data, as the figure showed the sector coming out of contraction. Today, MPs will return to Parliament after their Christmas break. Data from the eurozone also showed continued growth in investor confidence, in a...
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by Christopher Nye | Jan 6, 2020
It was a bit of a bumpy end to the week for the dollar on Friday. Optimism over the upcoming phase one China trade deal helped to propel the dollar upwards earlier in the week, but concerns over instability following Friday’s air strikes in Baghdad, where key Iranian...
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by Christopher Nye | Jan 6, 2020
The euro ended last week up against the pound, although data from last week was still showing a relatively mixed picture for the eurozone economy. Today, service PMI figures came in largely better than expected for the major eurozone economies. This week will be quite...
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by Christopher Nye | Jan 6, 2020
Concerns over the UK’s future relationship with the EU are continuing to weigh on the pound, especially with just twelve months until the Brexit transition period is up. Fears that a trade deal would be impossible to achieve in this time are putting pressure on the...
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