by Christopher Nye | Nov 7, 2019
Sterling is mostly sticking to narrow ranges against the euro and has hovered near a one week low against the dollar, ahead of the Bank of England announcement today. The announcement on interest rates is due to take place at midday today. Rates are expected to be...
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by Christopher Nye | Nov 7, 2019
There’s a busy day ahead for sterling, as the markets await the Bank of England’s rate announcement this morning, which is expected to stay stable. Parliament is now dissolved and election campaigns have begun in earnest, and the pound may well react to any...
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by Christopher Nye | Nov 6, 2019
Despite some less-than-ideal data releases yesterday – not to mention a looming election that could go any which way – the pound still ended yesterday drifting higher against the euro. Meanwhile, concerns over the eurozone’s economic performance continue to weigh on...
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by Christopher Nye | Nov 6, 2019
The dollar was strong yesterday as non-manufacturing PMI rose to 54.7 in October, beating expectations of 53.5. Business activity, employment and new orders all grew at faster rates. Balance of trade figures were also released yesterday, showing that the trade deficit...
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by Christopher Nye | Nov 6, 2019
Euro is down against the pound, as concerns over Brexit continue. The EU’s negotiating team has become more vocal over the impact of the UK leaving, even with a deal – described by Michel Barnier yesterday as a ‘lose, lose’ situation. He also warned that trade talks...
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