Currency Note GBP


EUR: ECB’s Villeroy says more stimulus may be coming

The European Central Bank’s Villeroy, speaking yesterday, hinted that the Bank may yet inject more stimulus measures into the Eurozone economy, saying that low inflation gives them the opportunity to act ‘rapidly and powerfully’ and ‘go even further’. With the ECB’s...

Pound up as non-essential retail to reopen on 15th June

The pound is up against the euro and dollar this morning on optimism from small businesses, following an announcement by Boris Johnson that non-essential retailers will be able to open from the 15th June. Expectations of further stimulus in the Eurozone at the ECB’s...

USD: Tensions with China continue to rise

Tensions with China continue to put pressure on the dollar, with Congress examining a bill passed by the Senate that requires companies to certify they are not owned by a foreign government if its audits cannot be inspected in America. While ostensibly aimed globally,...

EUR: Decline slowly eases as data shows improvement

It was a relatively positive day for the eurozone yesterday, as data releases showed the economy is perhaps taking small steps towards recovery. Composite PMI exceeded expectations, reaching 30 and reversing the losses of April compared to March. Although a very low...

GBP: Retail sales drop by 22%

The pound is down this morning after retail sales fell by a record 22% year-on-year in April, according to figures just released. Public sector borrowing also leapt by over £30 billion, as the government attempts to stem the impact of the coronavirus crisis. Yesterday...

Retail sales fall to record low

The pound has weakened against the euro this morning after figures showed that retail sales fell by a record 22.6% year-on-year. While far from unexpected, given the lockdown situation, it still raises fears of how long a recovery will be. Meanwhile, tensions between...

EUR: Uncertainty in UK helps buoy euro

The eurozone has largely been reacting to UK developments this morning, benefitting from the pound’s weakness. Additionally, in a positive sign as Europe slowly reopens, manufacturing PMI just released has seen a slight increase in France and Germany. Eurozone...

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