by Christopher Nye | Jul 15, 2019
The pound continues to take direction from the dollar today and will probably do so for the rest of the week, as further speeches from the Federal Reserve are scheduled. Sterling remains weak against the dollar this morning, and is slipping back towards fresh 6-month...
read more
by Christopher Nye | Jul 15, 2019
The pound has started this week weak against the euro and dollar, as a no-deal seems more and more likely. There could be some positive figures this week, however, as retail sales as expected to show a growth. That said, it will likely be overshadowed by politics as...
read more
by Christopher Nye | Jul 15, 2019
The pound starts off the week at roughly the same rate as last Monday, although 4 or 5% below both the US dollar and the euro compared to two months ago. It was salutary to hear Sir Richard Branson say late last week that the pound could be at parity with the US...
read more
by Christopher Nye | Jul 12, 2019
Jerome Powell reiterated his dovish stance towards interest rates yesterday, keeping the dollar low. He indicated that the decision to cut rates could be based more on continuing uncertainties, rather than deterioration of outlook. Most other Fed speakers also seem...
read more
by Christopher Nye | Jul 12, 2019
Euro weakened this morning as the ECB meeting notes showed an increased likelihood of a rate cute. The accounts said that the governing council was in ‘broad agreement’ that there is a need to be ‘prepared to ease the monetary policy stance further’. With a global...
read more
