Category: Daily blog
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Dollar still under pressure
The dollar remains under pressure, though still holding under $1.14 against the euro, following the release of some weaker than consensus economic data out of the US. Sterling is also losing some ground again against the euro, trading close to 90p this morning, after possible UK Prime Minister-to-be Boris Johnson said he will take the UK out of the EU on […]
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Quiet start to the week
The Euro got up to touch off $1.14 to the dollar and also gained a little on sterling yesterday. The currency remains in a tight trading range although it is now testing levels last seen in January/February A quiet day elsewhere – bond yields lost a few basis points and remain at low levels with 10-year […]
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Euro gains
The Euro made gains on Friday and starts off at over $1.1350 to the dollar and 89p to sterling this morning. Bond yields ground down further last week, on foot of quite dovish sentiment from the ECB and Fed, and German 10-year yields are around -0.3% now while US 10-years are close to 2% Oil prices […]
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BoE stays on hold
The Bank of England stayed on hold, as expected, with a unanimous decision. Sterling slid a little initially post decision and is touching off 89p to the euro again this morning. The Bank said that the risk of a no-deal Brexit had risen and that downside risks had increased. The BoE reiterated its guidance for limited and […]
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Fed opens door to easing policy
The dollar dropped back while treasuries and equities rallied after the FOMC meeting where the Fed struck a notably dovish tone and signalled that rate cuts may be in the offing. The euro is now back above $1.12 to the dollar and the American currency lost out to sterling and the yen also The Fed […]
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Draghi pledges stimulus if needed
The euro sold off to $1.11 to the dollar and just above 89p versus sterling following comments by Mario Draghi that suggested the ECB may be considering easing monetary policy. Equities got a boost from that (in addition to more positive US/China trade sentiment) while bonds rallied, particularly in Europe, with 10-year bund yields now […]
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Subdued start to the week
The euro gained a little on sterling yesterday getting up to 0.895p, the highest since early January, and the 90p level is looming into sight. It was fairly quiet overall, with the single currency largely unchanged against the dollar at $1.12. Equities started the week up marginally, led by an improved tech stocks performance, while […]
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FED and BoE up this week
The euro starts the week at $1.12 to the dollar and 89p to sterling. The euro had got up to $1.13 during last week but lost all of its gains and a little more late on Friday to end up back just above $1.12. Major equity indices were flat or made small losses for the day […]
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Euro edges back
It was a quiet day across most markets yesterday. The euro did lose out a little and is now back trading at $1.12 to the dollar and at just over 89p to sterling. Equities turned up again, after a down day on Wednesday, with small gains for the S&P and the Eurostoxx while the FTSE was flat It […]
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Equities lose out
Equities markets broke their recent winning streak yesterday with European indices posting small loses for the day. US indices, which had closed just marginally lower on Tuesday, lost further ground with the S&P down 0.2% yesterday. It was fairly quiet on the currency front with euro-sterling rate hovering around the 89p level it’s been at since the […]