by Christopher Nye | Nov 2, 2020
The euro is stronger against the pound but weaker against the dollar this morning, as it struggles with the after effects of the ECB’s meeting last week. President Christine Lagarde said that while Q3 GDP data might have been better than expected, Q4 growth will be on...
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by Christopher Nye | Nov 2, 2020
The pound is weaker against both the euro and the dollar this morning as the uncertainties of the week ahead weigh. On Saturday evening, it was announced that England will enter a month-long lockdown from Thursday, which is starting to put pressure on sterling as the...
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by Christopher Nye | Nov 2, 2020
An extremely eventful week lies ahead of us, which could bring significant movements in the currency markets. The US election will take place tomorrow and we may know the result by Wednesday morning. Currencies across the globe could be impacted by any election news,...
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by Christopher Nye | Nov 2, 2020
The pound hit a near six-week high on Friday against the euro. Against the US dollar, however, it fell nearly 2% over the past week. Recent gains against the euro – the result of more positivity around Brexit talks – are likely to come under pressure as the week goes...
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by Christopher Nye | Oct 30, 2020
The dollar is stronger this morning as it continues to benefit from its status as a safe-haven currency. GDP data released yesterday showed that the US economy grew at a record pace for the third quarter. There was a decrease in Americans applying for jobless claims....
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