by Christopher Nye | Oct 2, 2020
The dollar has strengthened this morning after news that President Trump has tested positive for coronavirus. Due to its safe-haven status, the dollar tends to rise in times of uncertainty. The President and First Lady have tested positive for COVID-19 and are now in...
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by Christopher Nye | Oct 2, 2020
The European Commission sent a letter of formal notice to the UK yesterday, indicating that they will be taking legal action against the Internal Market Bill, which seeks to change the Withdrawal Agreement and break international law. Despite this, they are giving the...
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by Christopher Nye | Oct 2, 2020
The pound is volatile today against both the euro and the dollar, as it awaits more news of how Brexit talks have progressed this week. The UK’s Chief Negotiator, David Frost, is expected to give an update today on how talks have developed. Yesterday, the pound...
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by Christopher Nye | Oct 2, 2020
The pound has been reacting to Brexit news recently and awaits further updates today about the progress of negotiations this week. Reports yesterday suggest that talks will now enter a ‘tunnel period’, where the two sides are content with progress and just need to...
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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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