by Christopher Nye | Nov 26, 2020
The dollar is still weak, weighed down by vaccine optimism and stimulus hopes as investors opt for riskier currencies. Jobs data released yesterday showed a rise in unemployment, with jobless claims rising to 748, 500 in the week ending November 21st. Data also showed...
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by Christopher Nye | Nov 26, 2020
The euro is still strong against the dollar today as the greenback continues to weaken. The ECB carried out their financial stability review yesterday. President of the ECB, Christine Lagarde said that there could still be recurring cycles of coronavirus waves and...
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by Christopher Nye | Nov 26, 2020
The pound is slightly weaker this morning, but still at significant levels against the euro and the dollar as the markets await Brexit news. Yesterday, France’s foreign minister Jean-Yves Le Drian told French politicians that the UK had still not yielded on the matter...
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by Christopher Nye | Nov 26, 2020
The pound has edged slightly lower against the euro and the dollar but remains above significant levels as the markets await Brexit news. Head of EU’s Executive Commission reported that there had been “genuine progress” with negotiations yesterday. However, other...
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by Christopher Nye | Nov 25, 2020
The dollar has continued to weaken this morning, as it has currently lost its safe-haven appeal. Overall sentiment is positive due to vaccine news and hopes of a stimulus package to help the US economy. After President Trump made way for the Biden administration this...
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