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Britain’s agriculture sector is one of the most important to the wider economy, providing the country with robust food security and a thriving export sector. While these exports have been affected by Brexit, new trade deals are being struck with agriculture at their centre, providing new opportunities for the sector. …
Last week, we saw the dollar generally showing a softer tone against both the euro and sterling. Despite the US payrolls figure for August making a surprise downside miss, there was a relatively mild reaction from the dollar on Friday (in the immediate aftermath EUR/USD briefly touched the $1.19 level). …
Find out how the major currencies have been performing and what movement we could see in the days ahead with our weekly exchange rate update. EUR – Euro Bolstered by Positive Data Releases The Euro trended broadly higher this week, as the appeal of the single currency was bolstered…
As predicted, the markets remained fairly subdued yesterday. Newsflow, rather than data, was the main driver behind the limited moves that we did see. Of the sparse data highlights yesterday, the weekly US jobless claims number came in slightly better than expected, (340k vs.345k f’cast), which is a post pandemic…
The first day of September offered no change from the subdued action across the markets we have seen of late. There was little data released yesterday, and despite there being some surprises in the USA (with ADP employment report printing well below forecasts, and manufacturing ISM coming in above) markets…
GBPUSD had a mixed day yesterday with an early push above 1.3800 being reversed to around 1.3750 by the close of play. The Euro corrected to around 1.1655 after hitting resistance at 1.1630. UK mortgage approvals declined to 75,100 in July, below market expectations of 78,500. Mortgage lending contracted following…
As we get the week underway after the UK bank holiday, the only real noteworthy movement yesterday was a slightly softer tone to USD. Data-wise, there were also no major surprises with the EC Economic Sentiment Index printing broadly in line with predictions. However, the continued concern surrounding the Delta…
Find out how the major currencies have been performing and what movement we could see in the days ahead with our weekly exchange rate update. EUR – Euro Strengthens in spite of Setbacks The Euro got off to a mixed start this week, as while a pullback in the…
Sterling continues to be confined to relatively narrow ranges with a lack of fresh incentives, low trading volumes and overall global risk conditions zapping any moves in most, if not all major pairs. There were further reservations over the increase in UK coronavirus cases which posted the highest daily rate…
Yesterday it was another muted August trading day on the currency markets, with the main FX pairs remaining confined to their recent narrow ranges. In terms of data releases, US durable goods orders proved better than expected, although still in decline. Meanwhile, in the Eurozone, the German Ifo, was below…