by Christopher Nye | Oct 17, 2019
Following poor retail sales on Wednesday, the dollar extended its losses yesterday due to growing expectations of an interest rate cut from the Federal Reserve. However, the greenback is up today against the euro and the dollar. Data released yesterday also showed...
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by Christopher Nye | Oct 17, 2019
The euro was strong against both the pound and the dollar yesterday afternoon, reaching one month highs against the dollar. This came as the EU and UK managed to strike a Brexit deal and the dollar dropped due to growing expectations of a rate cut from the Federal...
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by Christopher Nye | Oct 17, 2019
The pound jumped to a five month high against the dollar yesterday as the UK and EU announced that a Brexit deal had been reached. The pound also rose against the euro, however soon lost its gains as the DUP made it clear that they wouldn’t support the deal. They said...
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by Christopher Nye | Oct 17, 2019
The pound reached a five month high against the dollar yesterday and rose against the euro on news that the UK and the EU had managed to agree on a Brexit deal. However, the pound lost some of its gains afterwards on news that the DUP won’t support the new plans. The...
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by Christopher Nye | Oct 16, 2019
The dollar was weak yesterday afternoon as retail sales fell for the first time in seven months in September. Sales dropped 0.3%, marking the first drop since February and suggesting that weaknesses in the manufacturing sector are spreading to other areas of the...
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