by Christopher Nye | Sep 10, 2020
The dollar weakened against the euro and also fell slightly against the pound yesterday. Initial jobless claims data will come in for the US today, and the figure is predicted to come in lower that the reading from last month. The greenback is also weaker this morning...
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by Christopher Nye | Sep 9, 2020
This week’s fall in sterling wasn’t entirely surprising, but being forewarned doesn’t make it easier if you have a large trade in the offing. This could just be a pre-shock. Remember when Boris Johnson was saying that a 20% fall in sterling in the case of a no...
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by Christopher Nye | Sep 9, 2020
The dollar is still strong this morning, benefitting from its safe haven status as US stocks decline. Dollar strength was also caused by rising tensions between the US and China, which have been sparked by President Trump. Trump has declared that, if re-elected, he...
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by Christopher Nye | Sep 9, 2020
GDP data released for the Euro Area yesterday revealed that economy shrank 11.8% on quarter in the three months to June of 2020, slightly less than initial estimates of a 12.1% fall. It is still the biggest contraction on record, confirming that the economy is in a...
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by Christopher Nye | Sep 9, 2020
The pound is still weaker against the euro and the dollar this morning as worries over Brexit continue. The eighth round of talks between the UK and EU started in London yesterday after tensions increased over the weekend. A government minister said yesterday that a...
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