by Christopher Nye | Jul 24, 2019
The dollar is looking choppy this morning against both the euro and the dollar. A series of flash PMI data will be released for the US today, ahead of GDP data on Friday. The greenback rose to a five week high against a basket of currencies yesterday, after President...
read more
by Christopher Nye | Jul 24, 2019
Euro is down against the pound this morning, as German manufacturing PMI figures came in two points below expectations – and at a worrying seven-year low. Likewise, EU manufacturing PMI came in one point below. With German figures at 43.1, well below the growth mark...
read more
by Christopher Nye | Jul 24, 2019
Yesterday, Boris Johnson was announced as our new Prime Minister. The pound had a brief uplift as a result, before falling back to a weak position against the dollar. Sterling is mixed this morning. Johnson is set to appoint senior cabinet figures this evening, who...
read more
by Christopher Nye | Jul 24, 2019
The announcement of Boris Johnson as the UK’s new Prime Minister provoked a mixed reaction in the pound, but the overall trend over the last twelve hours has been a slight uptick. Further volatility is expected as Johnson begins to appoint his cabinet. The pound is...
read more
by Christopher Nye | Jul 24, 2019
It’s going to be an intriguing day on the currency markets. We have the Eurozone manufacturing and services Purchasing Managers’ Index and US new home sales. And who isn’t excited about the UK mortgage approvals data for June? Oh yes, and Boris...
read more
