by Christopher Nye | Jul 24, 2019
It’s going to be an intriguing day on the currency markets. We have the Eurozone manufacturing and services Purchasing Managers’ Index and US new home sales. And who isn’t excited about the UK mortgage approvals data for June? Oh yes, and Boris...
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by Christopher Nye | Jul 23, 2019
The dollar is strong this morning against both the pound and the euro, helped by a rise in US treasury yields and the increasing possibility of a 25 basis point interest cut, rather than a 50 basis point cut. The greenback has reached one-week highs this morning....
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by Christopher Nye | Jul 23, 2019
The euro is choppy ahead of a day of important economic releases and the announcement of the new UK Prime Minister, which could help to signal the direction of future Brexit negotiations. Business confidence figures for the eurozone are expected to show a decline, as...
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by Christopher Nye | Jul 23, 2019
The pound is weak against both the euro and the dollar this morning, ahead of the announcement of the new Prime Minister at around 11:45am. It’s still widely expected that Boris Johnson will take the position. Sterling has taken a hit due to threats of ministerial...
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by Christopher Nye | Jul 23, 2019
The pound is choppy this morning as the markets await the announcement of the new Prime Minister at 11:45 this morning. It is widely expected to be Boris Johnson, so we can expect a certain level of pricing in, but a lot will hinge on Johnson’s own remarks, including...
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