by Christopher Nye | Jul 24, 2020
Despite remaining strong against the pound, the dollar weakened against most currencies yesterday on expectations that the US economy will recover at a slower pace than most other countries. This is due to rising infection rates. Cases in the US reached 4 million on...
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by Christopher Nye | Jul 24, 2020
The euro continued to strengthen yesterday, still benefitting from news of the finalised coronavirus recovery fund. It was unfazed by consumer confidence data for the Eurozone, which fell by 0.3 points to -15.0 in July 2020 from -14.7 in the previous month. This is...
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by Christopher Nye | Jul 24, 2020
Sterling weakened further yesterday after both David Frost and Michel Barnier laid out their remarks on how recent Brexit talks have progressed. David Frost said that “any agreement needs to honour” principles put forward by the Prime Minister. He added, “The EU’s...
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by Christopher Nye | Jul 24, 2020
As expected, remarks from both David Frost and Michel Barnier on the latest round of Brexit talks have confirmed that the two sides are still struggling to reach any kind of agreement. This has fuelled worries of a ‘no-deal’ scenario and has, therefore, weighed on the...
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by Christopher Nye | Jul 23, 2020
The dollar remained weak against most major currencies yesterday, as positivity grew due to the EU’s coronavirus recovery fund. However, it is strong against the pound this morning after reports that tensions between the US and China are increasing. Yesterday, US...
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