by Christopher Nye | Dec 27, 2019
The pound was under pressure before Christmas, falling for five consecutive days due to Brexit worries and reduced liquidity. Many believe that a year isn’t long enough for the government to negotiate a trade deal with the EU and are worried about a hard deadline at...
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by Christopher Nye | Dec 27, 2019
The euro dropped to a two-week low on Christmas eve, as the dollar was boosted by optimism for a US-China trade deal. However the situation was reversed yesterday as the markets turned against the dollar. Against the pound however, this morning, it’s been a...
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by Christopher Nye | Dec 27, 2019
The US dollar was strong before Christmas on positive US-China trade rhetoric. Washington and Beijing reached a phase one trade deal at the beginning of this month and President Trump has said that the two sides are extremely close to signing this. China also...
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by Christopher Nye | Dec 24, 2019
The dollar held firm yesterday despite poor Durable Goods Orders. New orders dropped 2% from a month earlier, missing an expected 1.5% increase. Demand for transportation equipment led the fall, while declines were also seen in orders for machinery and primary metals....
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by Christopher Nye | Dec 24, 2019
The euro was stronger yesterday, benefitting from pound and dollar weakness. However, it is slightly weaker this morning. This week, we’ll see French Unemployment Benefit claims released on Thursday, which are expected to fall by 12,000. Nationwide train strikes...
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