by Christopher Nye | Jul 19, 2019
The dollar has weakened this morning following a dovish speech from the New York Federal Reserve President John Williams. He said that central bankers need to ‘act quickly’ as economic growth slows. The markets took this as a signal for an interest rate cut at the end...
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by Christopher Nye | Jul 19, 2019
Euro weakened last night as reports emerged that the ECB is studying a change to its traditional inflation goal of ‘below, but close to, 2%’. Draghi is said to prefer a ‘mirror’ approach, with the same leeway above and below the target figure, letting the ECB keep...
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by Christopher Nye | Jul 19, 2019
The pound is still weak this morning as it continues to suffer from uncertainty in Parliament and fears of a no-deal Brexit. It did get a boost yesterday, however, on the back of stronger retail sales figures and a vote which may help mitigate the chances of a...
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by Christopher Nye | Jul 19, 2019
The pound strengthened yesterday after positive retail sales data – a good sign for the UK economy – and as the House of Commons passed a proposal that would make it much more difficult for the new Prime Minister to suspend Parliament to push a no-deal through....
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by Christopher Nye | Jul 18, 2019
The dollar has weakened this morning against a basket of currencies due to lower US Treasury yields. The yields dropped after weak housing market data. Homebuilding fell for a second month in June and permits dropped to a two-year low, suggesting that the housing...
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