by Christopher Nye | Jun 18, 2019
The dollar is weak against the euro today and choppy against the pound. Poor manufacturing activity in the New York area, which showed a record drop in June, caused the greenback to fall. The manufacturing figure fell into contraction territory, dropping 26 points....
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by Christopher Nye | Jun 18, 2019
The euro showed strength against both the pound and the dollar yesterday, and is still up today after strong wage growth data. For the first quarter, wage growth in the Eurozone rose at 2.5% and at the fastest pace in 10 years. This comes even as the manufacturing...
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by Christopher Nye | Jun 18, 2019
The pound remained in a weak position against the euro and the dollar yesterday evening, and is still low this morning. This volatility is due to ongoing uncertainty over who will replace Theresa May, as well as continued fears of a no-deal Brexit. Boris Johnson got a...
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by Christopher Nye | Jun 18, 2019
Sterling continues to show weakness and volatility as a no-deal Brexit looks increasingly possible. The Conservative leadership race continues, and despite being absent from two media appearances so far, Boris Johnson still remains the front runner. A live BBC debate...
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by Christopher Nye | Jun 17, 2019
The dollar is strong this morning against both the pound and the euro, as it continues to be supported by the expectation that Federal Reserve policy makers will not introduce an ‘insurance’ rate cut this week. They will instead consider upcoming events, such as the...
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