by Christopher Nye | Jul 18, 2019
The dollar has weakened this morning against a basket of currencies due to lower US Treasury yields. The yields dropped after weak housing market data. Homebuilding fell for a second month in June and permits dropped to a two-year low, suggesting that the housing...
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by Christopher Nye | Jul 18, 2019
Euro is down against the pound this morning, but the overall trend is still of strength, after hitting a six-month high on Tuesday. Economists are warning of a ‘Japanification’ effect on the eurozone, whereby a deflationary cycle could lead to very long-term low...
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by Christopher Nye | Jul 18, 2019
The pound is choppy this morning, benefitting from the dollar’s weakness. Fears of a no-deal Brexit continue to weigh on sterling, with Jeremy Hunt admitting that leaving the EU without a deal could be a ‘short term’ economic shock. He added that Britain would be able...
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by Christopher Nye | Jul 18, 2019
Sterling has a choppy start to the day, as the markets look forward to UK retail figures today. Brexit continues to keep the pound low, as Jeremy Hunt admitted yesterday that there would be at least a ‘short-term’ economic shock from leaving without a deal. Likewise,...
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by Christopher Nye | Jul 17, 2019
The dollar has risen against the pound on the back of positive retail sales data, which came in stronger than expected. Sales rose by 0.4% in June, ahead of expectations for 0.1%. In trade war news, President Trump has said that the US and China still have a long way...
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