by Christopher Nye | Jul 30, 2021
Disappointing data and comments from the Federal Reserve Chair Jerome Powell were weighing on the dollar yesterday afternoon, but the greenback appears to have rebounded a little this morning. Speaking yesterday, Powell told investors that interest rates were being...
read more
by Christopher Nye | Jul 29, 2021
The dollar has weakened following ‘dovish’ or cautious comments from Federal Reserve Chair, Jerome Powell, following the two-day monetary policy meeting. As expected, interest rates were left unchanged at the meeting. However, Powell stated that raising interest rates...
read more
by Christopher Nye | Jul 29, 2021
The euro has strengthened against the dollar overnight but is weaker against the pound this morning. The single also experienced a boost yesterday when head of the European Commission, Ursula von der Leyen, confirmed that the EU had reached its target of giving 70% of...
read more
by Christopher Nye | Jul 29, 2021
The pound is still strong against the euro and the dollar this morning due to falling COVID-19 cases in the UK. Sterling was nearing February 2020 levels against the euro yesterday. If cases continue to fall, there will be high hopes for a strong economic recovery in...
read more
by Christopher Nye | Jul 29, 2021
The pound is still strong against the euro and the dollar this morning, benefitting from signs that COVID-19 cases are falling in the UK. Despite this, the Prime Minister has warned against making any premature conclusions about the data and that the impact of so...
read more
