by Christopher Nye | Aug 6, 2019
The dollar is mixed this morning, looking strong against the euro and weak against the pound. It’s under continued pressure as US-China trade relations intensify. The US Treasury Department has designated China as a currency manipulator. Following this determination,...
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by Christopher Nye | Aug 6, 2019
Following a strong day yesterday, the euro is weak against the pound and the dollar this morning. This is possibly due to a series of disappointing flash PMI data across the euro area, which came out yesterday. Services PMI came in at 53.2 in July 2019, little-changed...
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by Christopher Nye | Aug 6, 2019
Sterling is stronger against the euro and the dollar this morning, possibly benefitting from the weakness of the other two currencies. However, it’s clear that the pound is still vulnerable to Brexit fears. It was reported yesterday that after a meeting between Boris...
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by Christopher Nye | Aug 6, 2019
The pound fell to a new 23 month low against the euro overnight and a 31 month low against the dollar, however has recovered slightly this morning. Sterling still remains vulnerable to no-deal Brexit fears, especially as Prime Minister Johnson continues to ramp up the...
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by Christopher Nye | Aug 5, 2019
August is a funny month isn’t it? The “dog days” when, in the height of summer, the heat saps the energy. But then the occasional chill breeze just reminds us that autumn is only weeks away. It’s all a bit less cheerful than June and early July anyway. Speaking...
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