by Christopher Nye | Mar 6, 2019
The dollar made gains against both the pound and the euro yesterday, as better-than-expected service sector data was released. Non-manufacturing PMI grew from 56.7 to 59.7 in January, boosting on the dollar’s previous day gains and beating the prediction of 57.4....
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by Christopher Nye | Mar 6, 2019
The euro briefly edged higher midday yesterday as further doubts over May’s Brexit deal passing emerged. However, it fell to a two-week low against the dollar, following hints that the ECB meeting this Thursday will likely delay raising rates until next year. Today is...
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by Christopher Nye | Mar 5, 2019
The pound has dipped against the US dollar due to the news that Britain’s construction sector shrank in February. Fresh optimism concerning the US-China trade deal continues to serve the dollar well, as commentators speculated that a breakthrough in negotiations could...
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by Christopher Nye | Mar 5, 2019
Euro gained a small amount of ground against sterling today, following better-than-expected economic data in from the Eurozone. Meanwhile, Margaritis Schinas has confirmed a further meeting in the Brexit negotiations, and the markets will be watching closely for...
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by Christopher Nye | Mar 5, 2019
Yesterday saw the release of PMI data for UK construction, which has fallen for the first time in eleven months. It now reads at 49.5, falling under the 50 mark and therefore stepping into contraction territory. Brexit uncertainty has caused a surge in stockpiling,...
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