by Christopher Nye | Nov 11, 2020
There was little movement yesterday for EUR/USD, while the single currency slipped by around 1% against GBP. Data releases were mainly negative, notably the ZEW economic sentiment survey for both Germany and the EU as a whole. Rampant COVID cases in Europe took some...
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by Christopher Nye | Nov 11, 2020
The pound stormed to very nearly its highest rate since last May against the euro and is bobbling around among the highest rates against the US dollar since mid-2018. Positivity around the vaccine, Brexit and even the signs that President Biden may not be as...
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by Christopher Nye | Nov 11, 2020
The pound has reached two-month highs against the euro and dollar this morning on news that a vaccine for COVID-19 may be ready soon. The health secretary, Matt Hancock, put forward a more upbeat message about the government’s fight against the virus yesterday,...
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by Christopher Nye | Nov 10, 2020
The dollar strengthened against the euro yesterday, although it failed to recover its losses from last week. It’s a relatively quiet couple of days in the US, with a federal holiday for Veterans’ Day tomorrow. However, it picks up on Thursday with jobless claims which...
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by Christopher Nye | Nov 10, 2020
Although the Euro has strengthened against USD by nearly 3% over the week the advance was pegged back slightly yesterday, as the election result hit the markets. ECB chief Christine Lagarde made a speech yesterday but made no mention of monetary policy. She has...
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