by Christopher Nye | Jul 5, 2019
The dollar is showing strength ahead of non-farm payrolls, which will be released at 1:30pm today. This data could have a bearing on whether the Federal Reserve decide to cut interest rates at the end of this month, and by how much. They are currently expected to cut...
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by Christopher Nye | Jul 5, 2019
Poor economic data from Germany earlier this morning has helped to push the euro down against sterling. German factory orders came in at -2.2%, quite a way below the expected -0.1%. Eurozone retail sales yesterday also showed worse-than-expected results for...
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by Christopher Nye | Jul 5, 2019
The pound is benefitting from a weaker euro this morning, but is still showing weakness against the dollar. No deal Brexit fears still weigh on sterling ahead of voting for the new Prime Minister, which opens from tomorrow. A day ahead of voting, it has been reported...
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by Christopher Nye | Jul 5, 2019
The euro is weaker against the pound this morning, after German factory orders came in nearly two percentage points lower than expected. Nonetheless, it is still low as Brexit fears continue to weigh, and EC presidential nominee Ursula von der Leyen confirmed last...
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by Christopher Nye | Jul 4, 2019
The dollar is weak this morning against a basket of currencies as expectations of a rate cut have increased. This is due to a series of weak data that was released yesterday. Factory orders were down 0.7% for May and the ISM non-manufacturing index fell to 55.1 in...
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