by Christopher Nye | Aug 14, 2020
Jobless claims data for the US came in better-than-expected yesterday. The 4-week moving average of US initial jobless claims, eased to 1.25 million in the week ending August 8th. However, the dollar shrugged off this news. It is still weak due to the stalemate...
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by Christopher Nye | Aug 14, 2020
The euro is strong against the dollar and slightly weaker against the pound, ahead of GDP data for the Euro Area. This is the second estimate for the second quarter of this year and is expected to show that the economy by 15% year-on-year. It was announced yesterday...
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by Christopher Nye | Aug 14, 2020
The pound is at fairly strong levels against the dollar and the euro ahead of Brexit negotiations, which resume next week. There were some positive comments from both sides of the table yesterday, which has perhaps supported sterling over the last 24 hours. However,...
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by Christopher Nye | Aug 14, 2020
The pound is strong this morning ahead of Brexit negotiations, which are due to resume between the UK and EU next week. Sticking points remain on both sides, however, Irish Prime Minister, Micheál Martin, said yesterday that he believes there is a “landing zone” to...
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by Christopher Nye | Aug 13, 2020
The dollar weakened against the pound and euro yesterday and is still weak this morning, as Republicans and Democrats are struggling to agree on a stimulus bill to help the US economy. Treasury Secretary, Steven Mnuchin said on Wednesday that the White House and top...
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