Euro is down against the pound this morning after a series of poor data releases. Construction has shrunk across the eurozone, with a particularly sharp drop to almost 0 in France and Italy. Luis de Guindos has used…
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The pound is up against the euro this morning, after the Bank of England voted to keep its interest rates unchanged and to continue its quantitative easing programme. With two policymakers calling for QE levels to be increased,…
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Sterling has been given a boost by the early-morning announcement that the Bank of England will keep both interest rates and its quantitative easing programme unchanged. With some policymakers calling for an increase in QE, it looks potentially…
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Some people don’t like the use of wartime metaphors when talking about fighting Covid-19, but as we’ve all got the day off on Friday to mark VE (Victory in Europe) Day 75 years ago, and we are apparently…
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The dollar is up against the pound this morning, although not at levels of the end of last month. It continues to benefit from its safe-haven status, helped also by an unexpected growth in non-manufacturing prices. The IBD/TIPP…
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The German Constitutional Court has ruled that the ECB’s mass quantitative easing programme has not had sufficient oversight from the German government. The ECB now has three months to prove that the programme is ‘proportionate’ or the Bundesbank…
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The pound is on an upward tick against the euro this morning, after investors moved away from the latter following a German court ruling on quantitative easing. Services and composite PMI came in yesterday extremely low, with services…
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The euro saw a downtick yesterday as investors left following a German Constitutional Court ruling. The court ruled that the ECB has overstepped its bounds in its bond-purchase programme, giving the central bank three months to prove that…
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