by Christopher Nye | Jul 20, 2020
The single currency has strengthened this morning on the back of progress expected today as EU leaders continue to meet in Brussels and plan a response and rescue package for the countries worst affected by the Covid pandemic. Haggling and disunity among EU states had...
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by Christopher Nye | Jul 20, 2020
The pound has weakened further this morning and is currently around 2% weaker than last Monday against the euro, although only very marginally down against USD. That is mainly down to the increasing chance of an EU recovery deal, but suspicions are also rising that...
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by Christopher Nye | Jul 20, 2020
All eyes are on Brussels today as EU leaders continue to discuss a united approach to helping those countries most stricken by the pandemic. In the UK, the FCA is starting an investigation into insurance companies who are refusing to pay out on some 370,000 potential...
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by Christopher Nye | Jul 17, 2020
The dollar was looking slightly weaker against the pound yesterday, despite positive data releases. It is still weak this morning as investors are hoping for more financial stimulus measures to be introduced this month. Retail sales in the US surged 7.5%...
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by Christopher Nye | Jul 17, 2020
The euro remained mostly steady after the European Central Bank meeting yesterday. At the meeting, officials announced that they would be keeping interest rates the same, as expected. In the press conference, President of the ECB, Christine Lagarde, said “incoming...
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