by Christopher Nye | Aug 5, 2020
The euro was slightly stronger against the pound yesterday, as data from Spain revealed the first fall in unemployment since February. The number of people registered as unemployed in Spain fell by 89.8 thousand from a month earlier to 3.77 million in July 2020, after...
read more
by Christopher Nye | Aug 5, 2020
The pound weakened slightly against both the euro and the dollar yesterday. This was due to some brief strength from the dollar and worries over a second coronavirus wave. Anticipation ahead of the Bank of England’s meeting tomorrow also meant that sterling’s gains...
read more
by Christopher Nye | Aug 5, 2020
It’s a busy day for data releases today, with PMI (Purchasing Managers Index) figures expected for the UK, EU and US. This is considered a significant indicator of how economies are faring, so the markets will be watching closely. The dollar continues to suffer,...
read more
by Christopher Nye | Aug 5, 2020
As August kicked in, the pound lost some of the gains made at the end of July, particularly against the euro. However, it is still relatively strong against the dollar, which continues to suffer due to rising infection rates and worries over the US economy. The Bank...
read more
by Christopher Nye | Aug 4, 2020
Despite the demand for safe-haven currencies increasing, the dollar remains in a weak position against most currencies. This is due to worries over rising infection rates in the US and the re-introduction of lockdown measures. The IHS Markit US Manufacturing PMI was...
read more
