by Christopher Nye | May 18, 2021
The single currency weakened against sterling yesterday while remaining essentially unchanged against the US dollar. This morning has seen it strengthen against both currencies – despite the absence of any data – possibly on renewed hopes for an end to the worst of...
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by Christopher Nye | May 18, 2021
Fears that the Indian variant would delay the lockdown were shrugged off by the markets yesterday and the pound strengthened by nearly half a percent against EUR and a little more against USD. The variant could be as much as 50% more transmissible than the currently...
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by Christopher Nye | May 18, 2021
The ending of the British lockdown continued, with hospitality, cinemas and other venues now allowed to open indoors and flights to “green list” countries including Portugal and Gibraltar restarting. However the Indian variant of Covid-19 continues to cause alarm,...
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by Christopher Nye | May 17, 2021
The dollar is under pressure against both the pound and the euro. However, it has gained modestly against the Australian and New Zealand dollars due to worries over a virus outbreak in Singapore and Taiwan. The Federal Reserve will release the minutes from its latest...
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by Christopher Nye | May 17, 2021
The euro is slightly weaker against the pound this morning but still strong against the dollar. It’s also a busy week for data in Europe, with employment and GDP figures due tomorrow, inflation rate figures on Wednesday and PMI data on Friday. PMI data for the service...
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