by Christopher Nye | Mar 15, 2019
This morning, the dollar weakened against its rivals. Although impossible to predict, it is thought that it was set for its biggest weekly drop in more than three months before a US central bank meeting next week, where policymakers will shed more light on the outlook...
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by Christopher Nye | Mar 15, 2019
The euro had a quiet day against both the USD and GBP. German’s February inflation figure came in at 1.5%. This was slightly higher than last month and slightly lower than expectations. What excitement there was came from President Trump threatening to tariff EU...
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by Christopher Nye | Mar 15, 2019
Through all the excitement in Westminster, sterling managed to hold onto most of its recent gains, moving within a choppy range of around one cent against both the USD and EUR. There was a slight softening late into the evening as the final vote came in, to ask the...
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by Christopher Nye | Mar 15, 2019
Sterling had a choppy day yesterday as the UK parliament voted to extend Article 50, if the EU agrees. Ultimately, it has largely held onto its gains, but whether this will continue remains to be seen. The UK now has to seek the EU’s approval for an extension, and we...
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by Christopher Nye | Mar 14, 2019
The pound’s drop after its initial no-deal rally has caused the dollar to pull ahead from a nine day low. The greenback had initially weakened after the pound rallied, following the decision of Parliament to reject a no-deal Brexit. However, this strength for the...
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