by Christopher Nye | Oct 21, 2021
The pound has weakened slightly against the euro and the dollar this morning but is still in a strong position against both. Softer-than-expected inflation figures had little impact on sterling yesterday as it is still benefitting from increasing expectations that an...
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by Christopher Nye | Oct 20, 2021
Despite UK inflation coming in below expectations this morning, and the Covid-19 rates being worse than at any point since March, the pound has remained resolutely strong this morning. There was a brief wobble when the prices data came out at 7am but it looks to be an...
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by Christopher Nye | Oct 20, 2021
The dollar was weaker against a basket of currencies yesterday due to increasing expectations for interest rates hikes from both the Federal Reserve and the Bank of England. This expectation has caused government bond yields to rise and has reduced the dollar’s...
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by Christopher Nye | Oct 20, 2021
The euro was stronger against the dollar yesterday, despite cautious rhetoric from the European Central Bank. However, it has weakened slightly this morning Hawkish remarks from the ECB’s chief economist, Philip Lane, and ECB official, Fabio Panetta, yesterday,...
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by Christopher Nye | Oct 20, 2021
The pound was near to 20-month highs against the euro yesterday and also strengthened against the dollar. This was due to anticipation of a UK interest rate hike, after Governor of the Bank of England, Andrew Bailey, gave a strong indication at the weekend that a rate...
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