by Christopher Nye | Oct 6, 2021
Sterling had a very positive day yesterday and is back amongst its highest rates against the euro since before the pandemic began. On which subject, you don’t hear so much about Covid-19 these days do you? It’s a bit premature to be casting it into the “where are they...
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by Christopher Nye | Oct 6, 2021
A rise in US treasury yields prompted the dollar to strengthen against most currencies yesterday ahead of the non-farm payrolls report on Friday. All eyes will be on the report, as it may give an indication of how quickly the Federal Reserve will begin tapering its...
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by Christopher Nye | Oct 6, 2021
The euro was weaker against the pound yesterday and trading around the same levels against the dollar. Worries of how the global energy crisis will affect Europe during the winter months are weighing on the single currency. Reports this morning reveal that gas prices...
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by Christopher Nye | Oct 6, 2021
The pound strengthened against the euro yesterday, recovering from last week’s two-month low and was close to its highest point since mid-August. The immediate cause was the currency markets refocusing attention on the potential for interest rate changes, as fuel and...
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by Christopher Nye | Oct 6, 2021
The pound finished at its strongest level since mid-August yesterday against the euro and is still strong this morning. The markets have turned their attention from the UK’s fuel and energy crisis to the prospect of interest rate hikes early next year, giving...
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