by Christopher Nye | Jul 1, 2021
The euro is still weak against the dollar, mainly due to dollar strength. Retail sales for Germany were released this morning, showing a 4.2% rise month-on-month in May. This fell short of expectations of a 5% rise; however, increases were seen in sales of food,...
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by Christopher Nye | Jul 1, 2021
The pound is under pressure against the euro and the dollar this morning ahead of a speech from Governor of the Bank of England, Andrew Bailey. Weakness against the dollar is largely due to strength from the greenback, which was given a boost after the Federal Reserve...
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by Christopher Nye | Jul 1, 2021
The pound is still weaker against the dollar and trading around the same levels against the euro this morning ahead of a speech from Bank of England Governor Andrew Bailey today. The markets are looking out for any comments from Bailey surrounding inflation and...
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by Christopher Nye | Jun 30, 2021
The dollar was strong against a basket of currencies yesterday. This is partly due to the Federal Reserve’s ‘hawkish’ shift earlier this month and also due to the Delta variant of the virus, which is becoming more prevalent globally. Investors have therefore turned...
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by Christopher Nye | Jun 30, 2021
The euro is soft against the dollar and the pound, partly due to inflation, which is not yet high enough to pressure the European Central Bank into tightening monetary policy. Inflation in Europe is high but still under 3%, meaning that ECB officials have not felt the...
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