by Christopher Nye | Aug 13, 2020
The pound is still well supported against the dollar but weaker against the euro this morning over concerns about the UK’s economic recovery in comparison to the Eurozone. The Office of National Statistics reported that the UK had the worst economic slump in...
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by Christopher Nye | Aug 13, 2020
The pound is still strong and largely unchanged against the dollar, despite GDP data yesterday which revealed that the UK economy has gone into recession. However, sterling is weaker against the euro this morning as data shows that the UK has experienced the worst...
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by Christopher Nye | Aug 12, 2020
The pound is still strong against both the euro and the dollar this morning after GDP data was released. As expected, the data shows that the UK economy has fallen into recession, shrinking 20.4% in the second quarter of this year and 21.7% year-on-year. However,...
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by Christopher Nye | Aug 12, 2020
Despite benefitting from its safe-haven status earlier in the day, the dollar was weaker against the euro and pound yesterday. This was mostly due to data releases from the UK and EU, which suggest that other countries are dealing with the coronavirus crisis more...
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by Christopher Nye | Aug 12, 2020
The ZEW Indicator of Economic Sentiment for Germany jumped by another 12.2 points from the previous month to 71.5 in August, the highest since January 2004 and well above market expectations of 58. For the Euro Area, economic sentiment increased by 4.4 points from the...
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