by Christopher Nye | Jul 22, 2020
USD/EUR was weakened by the reaching of the EU deal, as well more bad news on the coronavirus outbreak. Whether President Trump apparently agreeing to take a more proactive stance will positively or negatively affect the pandemic, the economy, his re-election chances...
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by Christopher Nye | Jul 22, 2020
The Euro hit its highest rate against the dollar for 18 months yesterday following good news on the EU Covid-19 rescue package. Although there was some short-term volatility as markets reacted to the news, and lingering concerns about long-term impacts, it’s generally...
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by Christopher Nye | Jul 22, 2020
The school holidays officially started in the UK this morning, finally, though you could be excused for failing to notice it. British government borrowing hit a new record of £130bn in Q2, the height of the lockdown, to pay for the furlough scheme and other...
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by Christopher Nye | Jul 22, 2020
The euro strengthened during the course of yesterday after the European Union agreed a more than €750bn coronavirus rescue package. Deals are proving harder to find for Brexit and the US-UK trade deal, with reports in both the FT and Daily Telegraph this morning that...
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by Christopher Nye | Jul 21, 2020
The dollar’s gains were limited yesterday due to expectation of more monetary stimulus from both the EU and the US. It is weaker this morning due to positivity in the global markets, meaning that its safe-haven appeal has waned slightly. It’s thought that there could...
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