by Christopher Nye | Jul 9, 2020
Despite spending £30bn, there were complaints yesterday – and not just from the Opposition – that the mini-Budget is not enough to stimulate the economy into a V-shaped recovery. Nevertheless, sterling strengthened against USD and stayed firm against EUR. There are no...
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by Christopher Nye | Jul 9, 2020
Chancellor Rishi Sunak is being touted as a future Conservative Prime Minister and his £30bn giveaway mini-Budget was certainly a good way to make friends. Among the stimulus measures was: a job retention scheme that pays employers £1,000 for each member of staff they...
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by Christopher Nye | Jul 8, 2020
It’s going to be a big day for sterling today, so if you have a significant trade coming up over the next year, do get in touch with your trader early on 020 8108 5337. Sterling has recovered around 1-1.5% over the past week and a half against the euro and...
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by Christopher Nye | Jul 8, 2020
After losing its safe haven appeal earlier in the week, the dollar was stronger again yesterday after worries resurfaced over coronavirus infection rates and local lockdowns. However, it looks weaker against the pound and euro this morning. In Melbourne, Australia,...
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by Christopher Nye | Jul 8, 2020
The euro weakened yesterday after the European Commission released its latest forecasts. GDP is now expected to contract by 8.3% this year before growing 5.8% in 2021. This compares to an earlier forecast that predicted a 7.7% in 2020 and a growth rate of 7.4% next...
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