by Christopher Nye | Jul 23, 2021
The euro fell lower yesterday afternoon after the European Central Bank vowed not to tighten its monetary policy until inflation reached the 2% target. The Bank has also said it will keep its bond-buying programmes until at least the end of March 2022. This reluctance...
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by Christopher Nye | Jul 23, 2021
The pound saw strong gains of around 1% against the euro yesterday but has weakened slightly this morning. All eyes are now on PMI data. Sterling’s recovery appears to have been fuelled by comments made by the European Central Bank around maintaining interest...
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by Christopher Nye | Jul 23, 2021
The pound has seen a strong recovery over the last two days, primarily fuelled by dovish comments from the European Central Bank. Speaking yesterday, the ECB said it will not tighten monetary policy until inflation reaches its target of 2%. This means not raising...
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by Christopher Nye | Jul 22, 2021
The dollar is largely unchanged this morning after weakening slightly yesterday due to an improvement in the global markets, which has reduced demand for the safe haven currency. Later today, jobless claims and home sales figures will be released for the US. The...
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by Christopher Nye | Jul 22, 2021
The euro has strengthened slightly against the dollar this morning ahead of the European Central Bank’s interest decision. The interest rate is expected to stay the same, however the markets will be listening closely to commentary from President Christine Lagarde and...
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