by Christopher Nye | Jun 28, 2021
After weakening on Thursday and Friday due to the Bank of England’s policy announcement, the pound is showing signs of recovery against the euro and the dollar this morning. This comes ahead of a busy week for economic data releases in the UK, EU and US. There will...
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by Christopher Nye | Jun 28, 2021
Sterling starts the week with a spring in its step, strengthening by close to half a cent against the euro and a little more than that against the US dollar. It should probably be seen more as a rebound after sterling lost strength just after the Bank of England’s...
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by Christopher Nye | Jun 25, 2021
The dollar is stronger against the pound but weaker against the euro this morning following mediocre US data. GDP growth in Q1 was as predicted, at 6.4%, while initial jobless claims and durable goods orders failed to meet expectations. Later today, we will see...
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by Christopher Nye | Jun 25, 2021
The euro has strengthened against both the pound and the dollar this morning, supported by the BoE’s dovish announcement. German consumer confidence soared in June, well above market expectations and the highest reading since last August. This is a further indication...
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by Christopher Nye | Jun 25, 2021
The pound is weaker this morning following disappointing comments from the Bank of England. The Bank lifted its inflation forecast but voted to keep its stimulus programme and interest rates as they are. The UK government updated its ‘green list’ yesterday, adding a...
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