by Christopher Nye | Jul 22, 2019
The euro is strong against the pound this morning and weaker against the dollar. The markets are looking ahead to Consumer Confidence data tomorrow, a series of PMI data on Wednesday and the ECB interest rate decision on Thursday, which is likely to have an effect on...
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by Christopher Nye | Jul 22, 2019
The pound is weak against the euro and the dollar this morning. Brexit worries and geopolitical tensions are still weighing on sterling. On Friday, Iran seized a UK tanker. Theresa May is chairing a security meeting this morning due to worries over the relationship...
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by Christopher Nye | Jul 22, 2019
We have a big week ahead, as voting closes today to make way for a new Prime Minister. The winning candidate will be announced tomorrow and will take office on Wednesday. It’s safe to say that he’ll have a multitude of issues to tackle imminently, including rising...
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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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