EUR: Potential lockdown in France hurts euro

The euro has weakened after worries over increased lockdown restrictions. Recent reports suggest that France could be heading for another lockdown after curfew restrictions have failed to reduce infection rates. In Germany, Angela Merkel is seeking to introduce the...


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GBP: Retail sector takes a hit

The pound is still at fairly strong levels against the euro and the dollar this week, as Brexit talks continue. Negotiations will move to Brussels tomorrow as officials try to iron out key sticking points related to fisheries and state aid. The CBI distributive trade...


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Pound unfazed by poor retail data

The pound is still at strong levels against the euro and the dollar this morning, despite data released yesterday showing that UK retail took a hit in October. Optimism for a Brexit deal continues. Talks will finish in London today and move to Brussels tomorrow. The...


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USD: Dollar movements limited ahead of election

The dollar is strengthening against the euro and pound this morning. It’s thought that dollar movements are becoming more limited due to the impending US election, which takes place next week. Joe Biden still has a lead in the polls however it’s thought that key swing...


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EUR: Business climate figure for Germany drops

The IFO Business Climate indicator for Germany was released yesterday, which measures entrepreneurs’ sentiment about current business situation and their expectations for the next 6 months. The reading showed a drop to 92.7 in October 2020, from a seven-month high of...


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