by Christopher Nye | Aug 18, 2021
The euro is weaker against the dollar this morning due to strength from the greenback. GDP and employment figures were released for the Eurozone yesterday. The data showed that the Eurozone economy grew 2% quarter-on-quarter in the second quarter of this year,...
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by Christopher Nye | Aug 18, 2021
The pound weakened slightly against the euro and dollar this morning due to inflation rate figures, which were released this morning. The year-on-year figure for July came in at 2%, missing expectations of 2.3% and lower than June’s reading of 2.5%. Inflation is...
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by Christopher Nye | Aug 18, 2021
The pound is slightly weaker against the euro and the dollar this morning following the release of inflation rate figures. Inflation for the UK came in at 2% year-on-year in July, missing expectations of 2.3% and easing for the first time since February. This drop has...
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by Christopher Nye | Aug 18, 2021
As we reach the midweek mark, an ongoing selloff in global stock markets, along with a dip in inflation figures, is weighing on the pound. This global selloff is largely being driven by worse-than-expected data from the ‘powerhouse’ that is the Chinese economy, as...
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by Christopher Nye | Aug 17, 2021
The dollar is stronger this morning, benefitting from its status as a ‘safe-haven’ currency. This has occurred due to global COVID-19 concerns and the escalating political turmoil in Afghanistan. This also comes ahead of US retail sales data later, which is expected...
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