by Christopher Nye | Jul 16, 2020
After a brief recovery, the pound is weaker again this morning. Reports that the COVID-19 vaccine is yielding positive results in clinical trials improved market sentiment yesterday, supporting both the pound and the euro. However, the markets have had a softer start...
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by Christopher Nye | Jul 15, 2020
It’s been well documented that, as well as taking a toll on the health of the public, coronavirus has also affected the health of our economy. This was highlighted yesterday morning when the latest GDP figure for May was released, showing that the UK economy grew by...
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by Christopher Nye | Jul 15, 2020
The dollar was impacted against the euro yesterday as tensions with China rose, not just over Hong Kong but also over territorial claims in the South China Sea. While Europe continues to ‘open up’ and recover from the pandemic, the USA is locking down again....
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by Christopher Nye | Jul 15, 2020
The single currency gained strength against the US dollar and sterling yesterday, as it powers out of lockdown while the US is struck down again. Industrial production data for May was stronger than expected and the ZEW Economic Sentiment Index was at 59.6 against an...
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by Christopher Nye | Jul 15, 2020
Sterling slipped a further 1% against the euro yesterday as official UK data showed that GDP grew by just 1.8% in May, a disappointment compared to the 5.5% that was anticipated. The economy remains nearly 25% down on February. Other worries for the market include the...
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