by Christopher Nye | Dec 14, 2020
The pound has strengthened against the euro and the dollar on news that the UK and EU have given the go-ahead for Brexit talks to continue. Although key issues remain, there have been reports of “genuine progress” over the weekend. Despite this, the Prime Minister...
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by Christopher Nye | Dec 14, 2020
The pound has enjoyed a dramatic morning, strengthening by around 1% against both EUR and USD within 15 minutes of Asian markets opening, then falling and rising since. It’s very much the shape of things to come over the next few weeks. While authoritative news from...
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by Christopher Nye | Dec 11, 2020
The dollar weakened this morning due to hopes of a recovery from the COVID-19 pandemic. The US Food and Drug Administration recommended approval of the Pfizer Covid-19 vaccine for emergency use yesterday, meaning that the vaccine can start to be rolled out across the...
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by Christopher Nye | Dec 11, 2020
The euro strengthened yesterday after the ECB’s monetary policy meeting and the EU summit. ECB officials added to its asset purchases by €500 billion, bringing the total stimulus program to €1.85 trillion. It also announced more subsidized loans for banks to stimulate...
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by Christopher Nye | Dec 11, 2020
The pound had its biggest daily fall in three months against the euro yesterday after expectations for a ‘no-deal’ Brexit increased. Speaking after his meeting in Brussels with the European Commissioner, the Prime Minister said yesterday that there is a “strong...
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