by Christopher Nye | Jul 15, 2019
The pound starts off the week at roughly the same rate as last Monday, although 4 or 5% below both the US dollar and the euro compared to two months ago. It was salutary to hear Sir Richard Branson say late last week that the pound could be at parity with the US...
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by Christopher Nye | Jul 12, 2019
Jerome Powell reiterated his dovish stance towards interest rates yesterday, keeping the dollar low. He indicated that the decision to cut rates could be based more on continuing uncertainties, rather than deterioration of outlook. Most other Fed speakers also seem...
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by Christopher Nye | Jul 12, 2019
Euro weakened this morning as the ECB meeting notes showed an increased likelihood of a rate cute. The accounts said that the governing council was in ‘broad agreement’ that there is a need to be ‘prepared to ease the monetary policy stance further’. With a global...
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by Christopher Nye | Jul 12, 2019
The pound continues to benefit from a weak dollar this morning, and is also up against the euro. Sterling continued to rise against the dollar yesterday, benefitting from the greenback’s weakness. Federal Reserve Chairman Jerome Powell’s dovish speech, which suggested...
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by Christopher Nye | Jul 12, 2019
The pound strengthened against the euro this morning, as meeting notes from the European Central Bank made a rate cut in the single currency zone seem more likely, saying that they need to be ‘prepared to ease the monetary policy stance further’. Sterling is also...
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