by Christopher Nye | Oct 1, 2020
The dollar is weaker against the pound and the euro this morning. This could be due to increasing hopes that Congress will agree on and implement a stimulus bill soon, which will help the US economy. Yesterday, the release of GDP data showed that the US economy shrank...
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by Christopher Nye | Oct 1, 2020
The euro has confirmed its biggest quarterly gain since 2017 against the dollar, which was helped by the introduction of the EU’s coronavirus recovery fund back in July. However, it declined 2% against the dollar in September due to dollar strength. President of the...
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by Christopher Nye | Oct 1, 2020
The pound strengthened against both the euro and the dollar yesterday, mainly due to month and quarter-end flows when traders give their final readings, sometimes causing market volatility. It is also looking stronger this morning due to signs that the EU and UK could...
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by Christopher Nye | Oct 1, 2020
The pound is stronger this morning after indications that the UK and EU could be close to securing an agreement on fisheries. This has been a major sticking point since Brexit negotiations began and would be a step towards acquiring an overall trade deal. The ECB’s...
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by Christopher Nye | Sep 30, 2020
The pound is weaker this morning after Governor of the Bank of England, Andrew Bailey, said that the Monetary Policy Committee have an open mind about cutting interest rates. The markets are now looking ahead to the Brexit press conference tomorrow, which will reveal...
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