It’s going to be an intriguing day on the currency markets. We have the Eurozone manufacturing and services Purchasing Managers’ Index and US new home sales. And who isn’t excited about the UK mortgage approvals data for June? Oh…
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The dollar is strong this morning against both the pound and the euro, helped by a rise in US treasury yields and the increasing possibility of a 25 basis point interest cut, rather than a 50 basis point…
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The euro is choppy ahead of a day of important economic releases and the announcement of the new UK Prime Minister, which could help to signal the direction of future Brexit negotiations. Business confidence figures for the eurozone…
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The pound is weak against both the euro and the dollar this morning, ahead of the announcement of the new Prime Minister at around 11:45am. It’s still widely expected that Boris Johnson will take the position. Sterling has…
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The pound is choppy this morning as the markets await the announcement of the new Prime Minister at 11:45 this morning. It is widely expected to be Boris Johnson, so we can expect a certain level of pricing…
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We’ve reached that time of the year when coming to work is a complete joy. Even more of a complete joy, perhaps I should say. The schools are off, the trains are empty and there’s a heatwave pencilled…
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The dollar is weak against both the pound and the euro this morning. This is possibly due to increasing expectations that the Federal Reserve will cut interest rates next week, although the question remains as to how much…
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The euro is strong against the pound this morning and weaker against the dollar. The markets are looking ahead to Consumer Confidence data tomorrow, a series of PMI data on Wednesday and the ECB interest rate decision on…
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