by Christopher Nye | Jul 11, 2019
In his Congressional testimony yesterday, Jerome Powell made it clear that it’s reasonable to expect a 25 basis point cut at the end of this month. FOMC meeting minutes also showed that policymakers think stimulus would be needed soon. This has caused the dollar to...
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by Christopher Nye | Jul 11, 2019
German inflation was confirmed at 1.6% year-on-year, as the markets had expected. Nonetheless, positive British GDP data has helped to slightly push the euro down against sterling. Later today, we will see the results of the ECB’s non-monetary policy meeting, with...
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by Christopher Nye | Jul 11, 2019
Sterling is looking strong against the dollar this morning. This is due to better-than-expected GDP data and a weakened dollar, which fell slightly after Federal Reserve Chairman Jerome Powell made a speech on interest rates yesterday. The pound has ticked slightly...
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by Christopher Nye | Jul 11, 2019
The pound is up against the dollar and euro this morning, following GDP figures that came in better than expected – raising hopes that the UK’s economy might not be contracting as thought. Today, the markets will be looking for hints of future rate changes coming out...
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by Christopher Nye | Jul 10, 2019
The dollar is weak against the euro and strong against the pound this morning. Markets look towards the first in a series of speeches from Federal Reserve Chairman Jerome Powell, whose comments may determine if there will be a rate cut at the end of the month. FOMC...
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