Posts Tagged ‘Euro. Sterling. Dollar’
The Pound in Limbo, Dollar Continuing to Struggle and the Euro in for a Difficult Week
GBP Yet another rangebound week for the pound against the euro as it traded in a one and half percent range between 1.0931 and 1.1096. The price action has been driven as always by Brexit headlines though it feels that we are inches towards a deal as Emmanuel Macron was reported to concede his hard…
Read MoreHeightened fears of a global recession after Trump threatens Mexico with tariffs
With factory activity contracting in most of Asia last month, driven by the US – China trade war, central banks are being forced to review monetary policy, with the Federal Reserve potentially being forced to cut interest rates more than once this year. To compound recessionary fears, President Trump not only threatened to levy new…
Read MoreUK manufacturing data boosts Sterling
STERLING Sterling found some modest support last week with GBP/USD managing to log a weekly gain after six weeks of declines. UK manufacturing PMI surpassed expectations and investors will be hoping for similar outcomes for services tomorrow. Industrial and manufacturing production follow on Friday. EURO The Euro was at the mercy of political developments last…
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