by Christopher Nye | Sep 6, 2018
The main release from America yesterday was the balance of trade figures. The deficit had been expected to widen from a downwardly revised $45.7 billion in June to $50.3 billion, but the figure actually came in at $50.1 billion. It was the highest trade gap for five...
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by Christopher Nye | Sep 5, 2018
The dollar strengthened against a basket of currencies throughout yesterday, as trade tensions continue to rock the markets. The dollar is seen as a safe haven by investors – so they piled into it and sold emerging market currencies. However, the greenback’s moves...
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by Christopher Nye | Sep 5, 2018
There were no major economic data releases from the eurozone yesterday, which is perhaps why the euro lost some ground against both sterling and the dollar. Having said that, the dollar was always going to benefit from ongoing trade tensions, safe haven that it is....
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by Christopher Nye | Sep 5, 2018
Following disappointing manufacturing figures released on Monday, yesterday we saw the construction sector follow suit. In August, UK construction PMI fell to 52.9 from the previous month’s 14-month high. This was some way below the 55.0 the markets had been expecting...
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by Christopher Nye | Sep 5, 2018
Bank of England governor Mark Carney has been described as an unreliable boyfriend in the past, primarily because of his lack of clarity over possible interest rate rise timings. However, it’s worth saying that he has also been described as ‘the outstanding central...
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