by Christopher Nye | Jul 12, 2019
The pound continues to benefit from a weak dollar this morning, and is also up against the euro. Sterling continued to rise against the dollar yesterday, benefitting from the greenback’s weakness. Federal Reserve Chairman Jerome Powell’s dovish speech, which suggested...
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by Christopher Nye | Jul 12, 2019
The pound strengthened against the euro this morning, as meeting notes from the European Central Bank made a rate cut in the single currency zone seem more likely, saying that they need to be ‘prepared to ease the monetary policy stance further’. Sterling is also...
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by Christopher Nye | Jul 11, 2019
In his Congressional testimony yesterday, Jerome Powell made it clear that it’s reasonable to expect a 25 basis point cut at the end of this month. FOMC meeting minutes also showed that policymakers think stimulus would be needed soon. This has caused the dollar to...
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by Christopher Nye | Jul 11, 2019
German inflation was confirmed at 1.6% year-on-year, as the markets had expected. Nonetheless, positive British GDP data has helped to slightly push the euro down against sterling. Later today, we will see the results of the ECB’s non-monetary policy meeting, with...
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by Christopher Nye | Jul 11, 2019
Sterling is looking strong against the dollar this morning. This is due to better-than-expected GDP data and a weakened dollar, which fell slightly after Federal Reserve Chairman Jerome Powell made a speech on interest rates yesterday. The pound has ticked slightly...
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