by Christopher Nye | May 29, 2020
The pound ended yesterday down against the dollar, after data showed the US economy shrunk by 5% in the second quarter of this year. Meanwhile, the pound and euro are choppy, with fears of trade talks breaking down after the EU’s Phil Hogan said yesterday that the UK...
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by Christopher Nye | May 28, 2020
The dollar has gained some ground against the pound as the latter weakened on dashed optimism over Brexit trade talks. Yesterday’s Richmond Fed Manufacturing Index showed the decline to be slowing, while mortgage applications are also up 2.7%. Nonetheless, the big...
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by Christopher Nye | May 28, 2020
The euro was boosted yesterday by optimism over an end in sight for the EU’s internal negotiations on an economic rescue package for countries hit hard by coronavirus. Building on Macron and Merkel’s €500 billion proposal, Ursula von der Leyen is set to propose a €750...
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by Christopher Nye | May 28, 2020
The pound lost the gains it made yesterday against the euro as hopes were raised of a breakthrough on fisheries, after David Frost said before Parliament’s Brexit Committee that the current offer would not be ‘likely to produce an agreement’, and reiterated that the...
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by Christopher Nye | May 28, 2020
The pound has weakened against the euro after yesterday morning’s optimism. David Frost, speaking to Parliament, said that the EU’s position on fisheries would still not ‘lead to an agreement’, and stated again that the UK government will not seek an extension to the...
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