by Christopher Nye | Aug 13, 2021
The pound has weakened against the euro and the dollar this morning following US inflation data that appears to have slightly surprised markets. As a result, market mood is more cautious and investors appear to be turning to the ‘safe haven’ currency of the dollar. US...
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by Christopher Nye | Aug 13, 2021
The dollar has strengthened this morning, recovering from its losses on Wednesday, as market mood turns more cautious. The greenback’s strength comes from recent US data. Inflation figures beat market expectations and initial jobless claims fell in line with...
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by Christopher Nye | Aug 12, 2021
The dollar has weakened slightly against the pound and the euro this morning following inflation rate figures yesterday. The US consumer price index increased 0.5% in July after climbing 0.9% in June, the largest drop in the month-to-month inflation in 15 months....
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by Christopher Nye | Aug 12, 2021
The euro is trading around the same levels against the pound and the dollar this morning ahead of industrial production figures for the Eurozone, which will be released later today. The figures are expected to show that industrial production has increased by 10.4%...
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by Christopher Nye | Aug 12, 2021
The pound has held onto its recent gains against the euro following UK GDP data, which was released this morning. Figures show that the economy grew more than expected in June, by 1%, beating expectations of a 0.8% growth. GDP also grew by 4.8% on quarter in the three...
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