by Christopher Nye | Sep 8, 2020
German Balance of Trade figures came in this morning, showing that Germany’s trade surplus declined in July year-on-year, as the coronavirus pandemic hit global demand. Month on month, imports and exports both increased, but not by as much as predicted. Later...
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by Christopher Nye | Sep 8, 2020
Sterling continues to weaken after Brexit tensions and the possibility of a ‘no-deal’ increased yesterday. Boris Johnson has said that if a deal isn’t reached by the 15th of October, the UK will leave the Brexit transition period without a deal. New legislation that...
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by Christopher Nye | Sep 8, 2020
As we’ve seen in the past, the pound does not fare well when the possibility of a ‘no-deal’ Brexit increases. Prime Minister Johnson has said that a ‘no-deal’ will be implemented if a deal can’t be reached by the 15th of October, giving the UK and EU just over a month...
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by Christopher Nye | Sep 7, 2020
It’s Labour Day in the US today, so there are no data releases for the US. However, the dollar strengthened slightly after the release of Non-Farm Payrolls on Friday. Data showed that the US economy added 1.371 million jobs in August, below a revised 1.734 million in...
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by Christopher Nye | Sep 7, 2020
The euro is fairly strong against the dollar and the pound this morning, ahead of the ECB’s press conference this Thursday. Whilst no major policy decisions are expected, recent euro strength, which was flagged as a concern by the ECB’s Chief Economist recently, is...
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