by Christopher Nye | Aug 1, 2019
The euro is weak against the dollar this morning, after hitting a two-year low yesterday, and choppy against the pound. This comes as the dollar strengthened due to a ‘less dovish’ Fed announcement yesterday. European GDP figures, released mid-morning yesterday,...
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by Christopher Nye | Aug 1, 2019
After a brief uptick yesterday, the pound has sunk to a 30 month low today. This is due to a stronger dollar and ongoing no-deal Brexit fears. The government have announced an extra £2.1 billion of funding for a no-deal Brexit, doubling their budget. This has...
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by Christopher Nye | Aug 1, 2019
The dollar is up against the pound and euro, after the Federal Reserve kept rate cuts within expectations and stated that it was not going to be the start of cycle of rate cuts. On-going no-deal fears around Brexit are continuing to weaken the pound, as the government...
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by Christopher Nye | Jul 31, 2019
It goes without saying that all eyes are on the Federal Reserve’s interest rate decision today, which will take place at 7pm. A 25 basis point cut is still widely expected, however, it’s unclear as to what Jerome Powell’s message will be surrounding future cuts. The...
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by Christopher Nye | Jul 31, 2019
It’s been a choppy start to the day for euro, with downward pressure from poor-than-expected business confidence figures moderated by positive German inflation and consumer confidence figures. Business confidence for the eurozone fell from 0.17, not to the expected...
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