by Christopher Nye | Jun 12, 2020
Sterling is again moving in tandem with the stock market, weakening against the euro and dollar. Today’s industrial production figures showed continuing weakness in the sector, although there are hopes of a slow recovery. In the Eurozone, there is further optimism as...
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by Christopher Nye | Jun 11, 2020
The dollar is gathering some strength this morning as investors opt for safe-haven currencies. This has come about due to fears of a second COVID-19 wave, which have been fuelled by the US reporting more than 2 million coronavirus cases as of June the 12th. A number...
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by Christopher Nye | Jun 11, 2020
After the Federal Reserve’s decision on interest rates yesterday evening, the pound initially strengthened against the dollar. However, sterling is weaker this morning against both the euro and the dollar, possibly due to a fall in the stock markets. The Bank of...
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by Christopher Nye | Jun 11, 2020
Federal Reserve officials expressed that there is a ‘long road to recovery’ ahead for the US economy, and that interest rates may stay at zero until the end of 2021. Fed Chair, Jerome Powell, suggested that it would be a long time until the central bank...
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by Christopher Nye | Jun 11, 2020
The euro has had a choppy start to the day against the pound, given a small boost earlier by comments from the ECB’s Luis de Guindos that the Eurozone economy is likely to have ‘bottomed out’ in April and will now be on the slow path to recovery. However, he did...
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