by Christopher Nye | Oct 16, 2020
The dollar is still strong this morning, still benefitting from virus fears and stimulus woes. A spike in COVID-19 infection rates on both sides of the Atlantic has prompted investors to opt for safe-haven currencies, such as the dollar. Adding to this strength was US...
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by Christopher Nye | Oct 16, 2020
Growing COVID-19 cases across Europe have started to weigh on the euro. Countries are trying to avoid national lockdowns but more restrictions have been put into place this week, including France placing a night time curfew in cities and restaurants closing in...
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by Christopher Nye | Oct 16, 2020
The pound is still volatile this morning as it reacts to news from the EU summit. It weakened early this morning on news that EU leaders said that negotiations should continue, but added that the UK should make the concessions necessary to strike a deal. The UK’s...
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by Christopher Nye | Oct 16, 2020
The pound is still volatile as the EU summit continues today. So far, EU leaders have called on the UK to make the necessary moves and concessions to reach a trade deal. Following this, the Prime Minister is expected to reveal what the UK’s next steps will be, which...
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by Christopher Nye | Oct 15, 2020
The dollar is still strong today, benefitting from its safe-haven status as COVID-19 infection rates continue to rise globally. Stimulus news is also keeping the dollar strong, as it looks unlikely that Congress will be able to produce a stimulus package for the US...
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