by Christopher Nye | Aug 9, 2019
The dollar is weak against the euro and soft against the pound today. It is thought that, if UK GDP data comes in below expectations, the dollar could extend its gains against the pound. In the latest US-China trade war news, the US is delaying the licenses to do...
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by Christopher Nye | Aug 9, 2019
The euro is strong against the pound and the dollar this morning. However, Italy’s political tensions may have an effect on Italian bonds, which could impact the euro. The single currency weakened yesterday as Matteo Salvini, leader of Italy’s League Party, called for...
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by Christopher Nye | Aug 9, 2019
Sterling is in a weak position this morning as the possibility of a no-deal Brexit continues to weigh. UK GDP and production data will be released today. GDP is expected to come in at 1.2% annually, compared to a previous 1.5%. Industrial production, manufacturing...
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by Christopher Nye | Aug 9, 2019
The pound awaits the release of GDP and production data for the UK. A poor GDP figure could have an effect on sterling, although its weakness is still due to the increasing possibility of a no-deal Brexit. Italy’s political tensions have escalated, as Deputy Prime...
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by Christopher Nye | Aug 8, 2019
The dollar is weak this morning, as the rhetoric around the US-China trade war continues to worsen. China have set the official reference rate to 7.0039 yuan per dollar today, the weakest level since April 2008. A weaker yuan now makes Chinese exports more attractive,...
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