by Christopher Nye | Nov 10, 2020
Although the Euro has strengthened against USD by nearly 3% over the week the advance was pegged back slightly yesterday, as the election result hit the markets. ECB chief Christine Lagarde made a speech yesterday but made no mention of monetary policy. She has...
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by Christopher Nye | Nov 10, 2020
Sterling strengthened by around 1% across the course of yesterday against EUR. It remained broadly stable against USD but did briefly hit a new two-month high. This was partly due to the vaccine news and partly down to hints from the UK Environment Secretary of a...
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by Christopher Nye | Nov 10, 2020
A day of good news yesterday has been tempered this morning by a record rise in redundancies in the three months to the end of September. We heard yesterday that a Covid-19 vaccine with more than 90% efficacy should be available within weeks, while rapid airport...
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by Christopher Nye | Nov 9, 2020
The pound starts the week nearly 3% higher against the USD than last Monday while GBP/EUR remains largely unchanged. The longer-term ramifications for the currency from a Joe Biden win are essentially unknowable – could his election encourage the British side to come...
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by Christopher Nye | Nov 9, 2020
The dollar sank to its lowest level in over two months against a basket of currencies on Friday as a Biden victory looked more and more likely. Non-farm payroll data was released at the end of last week, showing that the US economy added 638,000 jobs in October,...
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