by Christopher Nye | May 22, 2020
It was a relatively positive day for the eurozone yesterday, as data releases showed the economy is perhaps taking small steps towards recovery. Composite PMI exceeded expectations, reaching 30 and reversing the losses of April compared to March. Although a very low...
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by Christopher Nye | May 22, 2020
The pound is down this morning after retail sales fell by a record 22% year-on-year in April, according to figures just released. Public sector borrowing also leapt by over £30 billion, as the government attempts to stem the impact of the coronavirus crisis. Yesterday...
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by Christopher Nye | May 22, 2020
The pound has weakened against the euro this morning after figures showed that retail sales fell by a record 22.6% year-on-year. While far from unexpected, given the lockdown situation, it still raises fears of how long a recovery will be. Meanwhile, tensions between...
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by Christopher Nye | May 21, 2020
The dollar is up against the pound this morning, despite a weakening yesterday evening following the release of the Federal Reserve’s latest minutes, showing concern over the coronavirus crisis ‘weighing heavily’ on the economy. Some positivity is expected today, with...
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by Christopher Nye | May 21, 2020
The eurozone has largely been reacting to UK developments this morning, benefitting from the pound’s weakness. Additionally, in a positive sign as Europe slowly reopens, manufacturing PMI just released has seen a slight increase in France and Germany. Eurozone...
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