by Christopher Nye | Dec 3, 2020
The euro surged to its highest level in over two years against the dollar this week and is still strong this morning. Vaccine hopes, promise of monetary stimulus and political certainty following Biden’s election are keeping the dollar weak and the euro strong. Next...
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by Christopher Nye | Dec 3, 2020
The pound fell sharply overnight against both the euro and the dollar but has made some recovery this morning. This comes after reports that French officials want EU officials to say talks have failed unless the UK concedes to EU demands within 48 hours. As with talks...
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by Christopher Nye | Dec 3, 2020
As we approach the deadline to secure a trade deal, Brexit related headlines are driving the pound. The pound weakened overnight against both the euro and the dollar on reports of Brexit jitters between the two sides, including that French officials want to give the...
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by Christopher Nye | Dec 2, 2020
The dollar is still suffering this morning as positive vaccine news and a push for a US stimulus package sees the greenback move lower. Federal Reserve Chair, Jerome Powell, testified in front of Congress yesterday. He warned that the US economy is still in a fragile...
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by Christopher Nye | Dec 2, 2020
The euro continues its strength against the dollar and is stronger against the pound this morning. Retail sales data for Germany was released this morning, showing that sales jumped 2.6% month-on-month in October, following a 1.9% fall in September and well forecasts...
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