by Christopher Nye | Aug 25, 2021
The dollar has strengthened against the euro this morning after previously being weighed down by an increasingly positive market mood, particularly after the FDA fully approved the Pfizer vaccine. There is still uncertainty over whether or not the Federal Reserve will...
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by Christopher Nye | Aug 25, 2021
So now we know what people did with all the money they saved by not flying abroad this summer. Data released yesterday from UK business showed a surge in retail spending for August. The CBI Distributive Trades Survey found that people spent or ordered 60% more in...
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by Christopher Nye | Aug 24, 2021
The dollar slipped against most major currencies yesterday as global risk sentiment shifted once again and stock markets recovered. Economic data also went against the greenback, with Markit PMI well below expectations across all industries. Against sterling the...
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by Christopher Nye | Aug 24, 2021
The euro had a positive day against the USD yesterday but remains around 1% weaker than in early August. Against sterling the euro is back to the levels we’ve seen since the middle of spring. Yesterday’s economic data was broadly positive, with Markit PMI (a reliable...
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by Christopher Nye | Aug 24, 2021
The pound has gained nearly 1% against the US dollar and a little less against the euro since Sunday night, coming close to its position this time last week but still 1% down on the 18-month highs of early August. The pound has been the beneficiary of a positive...
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