The single currency weakened by around 0.5% yesterday against both GBP and EUR, this despite Eurozone ZEW Economic Sentiment hitting its highest reading since February 2004.
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USD recovered around 0.5% against the Euro yesterday, despite varied economic data: a key manufacturing index leapt by 17%, well ahead of expectations, but industrial production data disappointed.
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Sterling stabilised yesterday, recovering around 0.5% as markets seemed to reconsider the previous week’s dramatic fall. That has continued this morning with better than expected inflation data.
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The US Federal Reserve will announce its interest rates decision at 7pm UK time today. Although no changes are expected and a ‘dovish’ stance is anticipated, the markets could be moved by any suggestions on future policy, especially…
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Sterling bobbed gently up and down yesterday, ending the day around 0.5% up against both the euro and US dollar. It has since moved a little higher on news of a 0.2% rise in inflation in the year…
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The dollar weakened slightly against EUR yesterday, continuing a roughly 1% fall across the week but a choppy performance across the month.
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Still riding high against GBP after last week’s near 4% gain, analysts will be looking for more evidence of Europe’s economy recovery as Covid’s second wave began to decline in Spain and France.
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The government’s win in the Commons last night was widely predicted, but is only the first parliamentary hurdle for the Bill, with amendments being added further down the legislative road.
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