by Christopher Nye | Oct 20, 2020
The dollar has strengthened slightly this morning on uncertainty surrounding a stimulus bill from Congress. On Sunday, House Speaker Nancy Pelosi gave Congress 48 hours for a bill to be agreed upon before the US election. In a phone call with Secretary Steven Mnuchin...
read more
by Christopher Nye | Oct 20, 2020
The euro’s strength against the dollar continues to wane as COVID-19 cases continue to rise across Europe. ECB Vice President Luis de Guindos said recent economic data showed that recovery is losing momentum. However, he noted that countries will want to avoid a...
read more
by Christopher Nye | Oct 20, 2020
The pound is still well supported against the euro and the dollar this morning. EU Chief Negotiator, Michel Barnier, said yesterday that the EU are ready to discuss and finalise the legal texts for a Brexit deal and intensify negotiations. Michael Gove said he viewed...
read more
by Christopher Nye | Oct 20, 2020
The pound is fairly well supported this morning, despite the Prime Minister calling on a “change of approach” from the EU. The EU have said that they wish to intensify negotiations and discuss the legal texts surrounding the Brexit trade deal, however, it’s unclear...
read more
by Christopher Nye | Oct 19, 2020
The dollar is strong against the euro and weaker against the pound this morning. It is still benefitting from its safe-haven status due to global economic worries and nerves over the political situation in the US. Presidential candidates Joe Biden and Donald Trump are...
read more
