by Christopher Nye | Aug 3, 2021
Sterling continues to bobble around the €1.17 and $1.39 level, failing to find a direction either way as the financial markets consider the data on the pandemic and the economy, and guess which way the Bank of England will move on interest rates. There are no data...
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by Christopher Nye | Aug 3, 2021
Sterling slipped slightly yesterday against the euro and US dollar, dropping below both €1.17 and $1.39, but largely held onto last week’s gains against the US dollar. The drop might have been bigger had there not been more good news on Covid-19, with new cases...
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by Christopher Nye | Aug 2, 2021
The dollar is weaker this morning ahead of Non-Farm Payrolls data, which will be released at the end of this week. This data could be key in influencing the Federal Reserve’s next actions on monetary policy. Speaking at the end of last week, Fed Chair Jerome Powell...
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by Christopher Nye | Aug 2, 2021
The euro is stronger against the dollar this morning due to positive economic data from the Eurozone and dollar weakness. Data on Friday showed second-quarter Eurozone GDP growth rate of 13.7% and a July inflation rate of 2.2%. It’s thought that these figures could...
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by Christopher Nye | Aug 2, 2021
The pound is still in a strong position against the euro and dollar this morning, after strengthening throughout the course of last week due to falling COVID-19 cases in the UK. This week, the markets will be taking queues from the Bank of England’s latest monetary...
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