by Christopher Nye | Jun 20, 2019
The pound rallied yesterday due to a confident stance from the Bank of England ahead of their policy meeting. Today, sterling shows strength against the dollar and is mixed against the euro. Compared to dovish statements from both the ECB and the Federal Reserve this...
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by Christopher Nye | Jun 20, 2019
After showing weakness so far this week, the pound is stronger this morning ahead of the Bank of England’s interest rate decision. It is thought that more interest rate hikes are on the way, which contrasts with recent announcements from other central banks, such as...
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by Christopher Nye | Jun 19, 2019
The dollar is strong this morning against both the pound and the euro, perhaps benefitting from news that the US and China are rekindling their trade talks. President Trump announced yesterday that teams from both sides will begin talks prior to the G20 summit next...
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by Christopher Nye | Jun 19, 2019
The euro weakened yesterday after ECB President, Mario Draghi, said that he was open to boosting monetary stimulus if economic conditions in Europe continue to worsen. This in turn could mean that interest rate cuts and quantitative easing are needed. This morning,...
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by Christopher Nye | Jun 19, 2019
The pound continues to show weakness this morning as Conservative MPs prepare for the next round of votes today. In the ballot yesterday, Boris Johnson was once again ahead of the pack with 126 votes. Dominic Raab secured just 30 votes so was eliminated from the race....
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