by Christopher Nye | Jun 8, 2020
The dollar strengthened at the end of last week as Non-Farm Payrolls came in better than expected. The US economy unexpectedly added 2.5 million jobs in May, the most on record, beating expectations of an 8 million cut. However, gains were capped due to ongoing...
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by Christopher Nye | Jun 8, 2020
Euro ended last week down against the pound, after German factory orders came in much worse than expected. Italian retail sales were also shown to have declined year-on-year in figures for April. German industrial production this morning also showed a decline. Little...
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by Christopher Nye | Jun 8, 2020
After a soft week against the euro, the pound strengthened on Friday and is strong against both the euro and dollar this morning. This is due to news that the UK and the EU have committed to continuing Brexit negotiations throughout the year, despite reaching a...
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by Christopher Nye | Jun 8, 2020
The pound is up this morning against the euro, despite inconclusive Brexit talks, with Michel Barnier saying no significant progress had been made. However, the UK and EU have committed to continuing negotiations until the end of the year. The dollar was helped by an...
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by Christopher Nye | Jun 8, 2020
Over the past three weeks the pound has strengthened in a series of decisive steps agains the US dollar, ending up nearly 5% higher than in mid-May. It’s been more choppy against the euro, but we are at least back to the average of the past year, avoiding the...
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