by Christopher Nye | Sep 17, 2021
The pound is trading mostly around the same levels against the euro but has weakened against the dollar after upbeat US data yesterday and disappointing UK retail sales data this morning. Retail sales fell for the fourth month in a row in August, surprising markets....
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by Christopher Nye | Sep 17, 2021
The dollar is still strong this morning following forecast-beating retail sales figures yesterday. Retail sales rose by 0.7% in August, surprising markets who had predicted a 0.8% fall. Non-store retailers and furniture stores saw the biggest increase in sales....
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by Christopher Nye | Sep 16, 2021
The dollar is still strong this morning as the markets now await the Federal Reserve’s latest monetary policy meeting, which is due to take place next week. The meeting will be watched closely for any signs of when the Fed will start to withdraw monetary stimulus, as...
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by Christopher Nye | Sep 16, 2021
The euro is weaker this morning due to mixed economic data and comments from European Central Bank officials. ECB official Isabel Schnabel said the market is overestimating the coronavirus risk to global growth outlook. ECB President Christine Lagarde said that she...
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by Christopher Nye | Sep 16, 2021
The pound is still strong against the euro and the dollar this morning. High inflation rate data could create a more ‘hawkish’ stance from the Bank of England, meaning that officials may plan to hike interest rates and taper monetary policy soon. News this morning...
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