by Christopher Nye | Jun 24, 2020
The pound would have been boosted by PMI readings well above market expectations for the UK, but this was tempered by most of Europe’s and the USA’s PMIs also being above expectations. Manufacturing in June expanded, at 50.1, although services were still contracting...
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by Christopher Nye | Jun 24, 2020
The Prime Minister announced a raft of coronavirus lockdown restrictions being eased from 4 July, including the opening of pubs, outdoor gyms, cinemas and galleries, if they can do so with effective social distancing of “one-metre-plus”. What remains to be seen is...
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by Christopher Nye | Jun 23, 2020
The dollar will continue to be influenced by the rise and fall in pandemic numbers coming from US states. The US dollar has a complicated relationship with troubles on its own doorstep, gaining from being a safe haven even as investors take fright at the damage being...
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by Christopher Nye | Jun 23, 2020
Germany’s success against Covid-19 has caused envy and soul-searching in many countries, including France and the UK, but a flare-up in Berlin has caused a draconian lockdown behind barbed wire. Could it spread? The Eurozone’s largest economy also faces the...
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by Christopher Nye | Jun 23, 2020
Sterling strengthened marginally yesterday, by around a third of a cent against the euro but rather more than a cent against the US dollar. The new low in Covid cases may have been a factor, but the lack of Brexit news – which has mainly been negative recently – was...
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