by Christopher Nye | Sep 14, 2021
The US dollar came out swinging against GBP and EUR overnight but after brief support it has slipped back slightly below where it started the day. Overall it has been a stable period for the dollar, however, returning to its mid-August position after a tumultuous few...
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by Christopher Nye | Sep 14, 2021
Despite a positive day yesterday the single currency remains slightly weaker against all major currencies apart from AUD compared to last week. It’s a relatively quiet week for data, with the big event not happening until Friday – Eurozone inflation – but speeches...
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by Christopher Nye | Sep 14, 2021
Sterling’s recovery on Friday to its highest level since mid August has been maintained, with a brief break-out yesterday afternoon against the euro which was rapidly reined in. Following a brief dip against the US dollar early yesterday, GBP/USD has returned to close...
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by Christopher Nye | Sep 14, 2021
Sterling strengthened at the start of the week and reaches Tuesday roughly 0.5% ahead of this time last week against most major currencies. The most obvious reason remains the comments from the Bank of England governor last week on worries over inflation, where the...
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by Christopher Nye | Sep 13, 2021
The dollar is strong against a basket of currencies this morning ahead of US inflation data, which is due to be released tomorrow. Core inflation rate for the US is expected to fall slightly to 4.2%. It’s thought that, even with a slight fall, the Federal Reserve will...
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