by Christopher Nye | Aug 19, 2019
The pound starts the week two cents higher against the euro than last Monday and a cent higher against the US dollar. In the context of the past four months that’s the classic example of a ‘dead cat bounce’. Good news all the same if you’re...
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by Christopher Nye | Aug 16, 2019
The dollar is weak against the pound but strong against the euro today. A surge in US retail sales has allowed the greenback to hold onto its gains and eased concerns about a slowing economy. The report showed that sales rose by 0.7% last month, after a 0.3% growth in...
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by Christopher Nye | Aug 16, 2019
Suggestions that the ECB will go down the route of a sizeable economic stimulus package have put downward pressure on the euro this morning. Olli Rehn, Governor of the Bank of Finland and a member of the ECB’s Governing Council, told the Wall Street Journal yesterday...
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by Christopher Nye | Aug 16, 2019
Sterling is near one-week highs this morning, as rhetoric around blocking a no-deal Brexit ramp up. Despite this, Labour’s plan to install Jeremy Corbyn as caretaker Prime Minister has been met with opposition from key potential allies, such as the Liberal Democrats....
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by Christopher Nye | Aug 16, 2019
The pound has reached near one-week highs today, as hopes have been raised that no-deal could be avoided – although this lift could be short-lived, as there will be plenty of political back-and-forth before any concrete happens. Sterling is also benefitting from a...
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