by Christopher Nye | Jul 10, 2019
The pound took a fresh half-cent tumble yesterday, with economic news doing the damage for a change. Poor retail sales data reinforced the point made by Bank of England governor Mark Carney that an interest rate cut may be on the way. It won’t be long before we get...
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by Christopher Nye | Jul 9, 2019
The dollar remains strong against both the pound and the euro this morning, ahead of a series of speeches by Federal Reserve Chairman, Jerome Powell. After positive Non-Farm Payroll data last week, it is difficult to predict what he will say. However, the markets have...
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by Christopher Nye | Jul 9, 2019
European leaders are being urged to take action to boost the eurozone’s economy. The European Fiscal Board has called for countries to ‘use at least part of their available fiscal space in 2020…to increase spending on investment and enhance potential growth.’ Bank of...
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by Christopher Nye | Jul 9, 2019
The pound is hovering at six-month lows against the dollar this morning, and is still struggling to make any gains. Aside from the flash drop from January, this is now the lowest sterling has been in some time, matching the lows from last December. It’s expected that...
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by Christopher Nye | Jul 9, 2019
The pound is still drifting at around a six-month low this morning against the dollar, and is down against the euro. Fears about Brexit are still weighing it down, with both contenders for Conservative Party leadership accused of having untenable plans for the short...
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