by Christopher Nye | Oct 14, 2021
The pound is still lingering below the 1.18 level against the euro this morning and has, so far, failed to break through. Sterling is being supported by the prospect that the Bank of England may raise interest rates soon. However, whilst some expect the BoE to be the...
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by Christopher Nye | Oct 14, 2021
The pound is still trading slightly below key resistance levels this morning, supported by expectations that the Bank of England could raise interest rates soon. However, some are worried that hiking rates too early could prove to be a policy mistake. The UK and the...
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by Christopher Nye | Oct 13, 2021
The dollar index, which measures the dollar’s strength against a basket of six currencies, was edging near a one-year high yesterday due to rising treasury yields. The greenback also strengthened because of expectations that the Federal Reserve will begin to taper...
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by Christopher Nye | Oct 13, 2021
The euro weakened slightly against the dollar yesterday following economic data from Germany. The ZEW indicator of economic sentiment slipped for the fifth month, showing that supply bottlenecks are impacting the recovery of Europe’s largest economy. This was worse...
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by Christopher Nye | Oct 13, 2021
The pound weakened slightly yesterday despite news that an early interest rate hike is on the horizon. There is increasing confidence that the Bank of England will go ahead with a near-term interest rate hike due to higher inflation. This comes after comments from...
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