by Christopher Nye | Jun 5, 2019
The dollar is in a weak position this morning as it tries to recover from comments made by the Federal Reserve Chairman, Jerome Powell. He indicated yesterday that there may be a rate cut on the horizon, a day after American factory growth hit its lowest figure in...
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by Christopher Nye | Jun 5, 2019
The euro is up against both the pound and the dollar this morning, as poor rate expectations from the US and poor economic releases from the UK keep both low. Nonetheless, it is still a mixed week for the euro, with Italian unemployment coming in slightly above...
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by Christopher Nye | Jun 5, 2019
The pound is down against both the euro and the dollar this morning. It briefly benefited from a weaker dollar, but remains affected by the ongoing uncertainty in Parliament. Sterling rose slightly yesterday due to assurances from President Trump that the US was...
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by Christopher Nye | Jun 5, 2019
Sterling is under pressure this morning following a further decline in construction PMI – and not helped by concerns about who Theresa May’s replacement will be, and what it will mean for Brexit and the possibility of a no-deal. The markets will be watching closely...
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by Christopher Nye | Jun 4, 2019
The dollar is weak against both the pound and the euro this morning, due to suggestions that the Federal Reserve may cut interest rates. St Louis Fed President, James Bullard, said that an “insurance” rate cut may be “warranted soon.” This is due to rising trade war...
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