by Christopher Nye | Aug 3, 2020
The dollar had a poor week last week. It was weak against both the euro and the pound due to poor GDP data, which showed that the US economy has fallen into recession. Rising infection rates and uncertainty surrounding the upcoming Presidential election also weighed...
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by Christopher Nye | Aug 3, 2020
The euro was weaker against the pound at the end of last week, possibly due to a series of disappointing data releases. Preliminary GDP data showed that the Eurozone economy shrank by 12.1% in the three months to June 2020, entering a steep recession. Year-on-year,...
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by Christopher Nye | Aug 3, 2020
At the end of last week, the pound was on course for its biggest monthly rise against the dollar in a decade. This was mainly driven by dollar weakness. The pound was also strong against the euro at the end of last week and has maintained this strength at the...
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by Christopher Nye | Aug 3, 2020
After finishing last week in a strong position, the pound is still strong against the euro and the dollar this morning. However, it could be said that sterling has a lot to contend with this week, including the Bank of England’s latest interest rate decision on...
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by Christopher Nye | Jul 31, 2020
The dollar is still struggling this morning as the prospect of rising infection rates and a suffering economy weigh. GDP data showed yesterday that the US economy shrank by an annualized 32.9% in the second quarter of 2020. It is the biggest contraction ever, pushing...
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