by Christopher Nye | May 3, 2019
Sterling weakened from its two-week high after the Bank of England voted to keep interest rates steady. They also warned that Brexit could continue to cloud the outlook for monetary policy, stating that the pound ‘takes its orders from Westminster, not the City at the...
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by Christopher Nye | May 3, 2019
Strong manufacturing data yesterday from most of the main eurozone economies helped to boost the euro, while a Bank of England vote to keep interest rates steady put downward pressure on the pound. The dollar is still slowly inching higher, as the markets react...
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by Christopher Nye | May 2, 2019
The dollar has strengthened slightly this morning on the back of the Federal Reserve’s comments on interest rates. Fed Chair Jerome Powell stated that there won’t be cuts or hikes to interest rates any time soon. It seems as though the Fed will therefore be continuing...
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by Christopher Nye | May 2, 2019
Euro was trading higher yesterday on positive expectations for Eurozone PMI releases this morning, which have just come in even above expectations, at 47.9. German PMI, however, did fall just one point short of market forecasts. Today, much of the influence on the...
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by Christopher Nye | May 2, 2019
The pound remained strong yesterday and is still strong this morning after Prime Minister Theresa May said her plan to negotiate a customs arrangement was similar to that of the Labour Party, suggesting that progress has been made with cross-party Brexit talks. She...
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