by Christopher Nye | Aug 6, 2020
The dollar is still weak as Congress continues to debate a new fiscal stimulus package to help the US economy. A deadline was missed last Friday to extend enhanced unemployment payments during the pandemic. The ADP National Employment Report was released yesterday,...
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by Christopher Nye | Aug 6, 2020
Data released yesterday showed that the Eurozone’s retail trade rose by a 5.7% from a month earlier in June 2020, following an upwardly revised 20.3% jump in May and compared to market expectations of a 5.9% growth. This was due to the reopening of businesses...
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by Christopher Nye | Aug 6, 2020
The pound is strong against the euro and the dollar this morning, as the Bank of England’s monetary policy update was more positive than expected. As well as keeping interest rates on hold and leaving its quantitative easing programme unchanged, the Bank said...
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by Christopher Nye | Aug 6, 2020
The pound is strong after the Bank of England’s monetary policy update, which was released this morning. By unanimous vote, the Bank kept interest rates on hold and left its quantitative easing programme unchanged. It expects the economy to decline by 9.5% in...
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by Christopher Nye | Aug 5, 2020
After a brief rebound after a poor July, the dollar is still in a weak position and it could be said that the outlook remains bleak. A stimulus package to help the US economy with the effects of coronavirus is still being debated in Congress by Republicans and...
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