Welcome to the Ebury® Blog
Expert market insight and updates to help you navigate the ever changing global currency markets.
Fading trade deal euphoria deals the US dollar a blow
Last week of the massive Trump climbdown on Chinese tariffs buoyed the dollar but the bump faded
Sterling falters as BoE’s Carney hints at interest rate cut. Comments from Fed Reserve members hint that interest rates will remain on hold in 2020.
US-Iran tensions ease as Trump foregoes military action. Investors are now fully pricing in that the UK will not be leaving with a no deal.
Iran attack on US troops triggers wave of risk aversion. Boris Johnson’s Brexit deal has returned to the House of Commons.
Euro rises above 1.12 level on higher services PMI. UK PMI data also gets revised sharply higher, leading to a rally against US dollar.
2019 was another eventful year in the currency markets. Ongoing trade tensions between the US and China dominated much of the headlines.
Dollar trades lower as geopolitical risks rise. Boris Johnson has until the end of June to ask for an extension to the transition period.
Sterling enters 2020 on the front foot. The euro has been supported by increased global optimism, investors now looked for improved data out of the EU.
UK parliament set to vote in favour of PM’s Brexit deal. Chief Executive of the FCA, Andrew Bailey, has been announced as Mark Carney’s successor.