by Christopher Nye | Aug 6, 2021
The pound is trading at strong levels against both the euro and the dollar following yesterday’s Bank of England monetary policy meeting, which markets have dubbed ‘Super Thursday’. The BoE gave off a more ‘hawkish tone’, suggesting that ‘modest tightening’ of policy...
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by Christopher Nye | Aug 6, 2021
As predicted, the pound saw some volatility around lunchtime yesterday after ‘Super Thursday’. This morning, sterling has strengthened against the euro and is still strong against the dollar. In its latest monetary policy meeting, the Bank of England...
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by Christopher Nye | Aug 6, 2021
The dollar is still benefitting from a cautious market mood as well as comments from the US Federal Reserve Vice-chair Richard Clarida who gave a more hawkish tone than usual. Clarida suggested that tapering could be seen this year and interest rate hikes could start...
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by Christopher Nye | Aug 5, 2021
The dollar had a volatile day yesterday, firstly weakening due to a disappointing ADP Employment Report, which showed that private businesses in the US hired 330 thousand workers in July. This was well below market expectations 696 thousand rise. However, some...
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by Christopher Nye | Aug 5, 2021
The euro has weakened against the dollar after the greenback was given a boost yesterday. Data released this morning shows that factory orders for Germany jumped by 4.1% month-on-month in June, beating expectations of a 1.9% growth. This was due to an increase in...
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