by Christopher Nye | Aug 5, 2021
The euro has weakened against the dollar after the greenback was given a boost yesterday. Data released this morning shows that factory orders for Germany jumped by 4.1% month-on-month in June, beating expectations of a 1.9% growth. This was due to an increase in...
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by Christopher Nye | Aug 5, 2021
The pound could become volatile around midday today due to the Bank of England’s latest monetary policy meeting. Whilst decisive action or a significant shift in policy isn’t expected, the markets will be listening closely to comments from Governor Andrew Bailey and...
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by Christopher Nye | Aug 5, 2021
All eyes will be on Bank of England officials at midday today following their latest meeting. The markets will be listening closely to Governor Andrew Bailey and others for any indication on when monetary policy will be tightened and when interest rates could be...
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by Christopher Nye | Aug 4, 2021
Sterling gained around 0.3% against the euro yesterday, regaining its position safely above €1.17 after dropping below earlier in the week. It’s up on the dollar too, just about. All that may change in about 27 hours with the Bank of England’s interest rate decision,...
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by Christopher Nye | Aug 4, 2021
The dollar is weaker against a basket of currencies this morning ahead of the Non-Farm Payrolls report on Friday. It has struggled since Federal Reserve Chair, Jerome Powell, said last week that interest rate hikes were still a way away, stating that more progress...
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