by Christopher Nye | Jul 2, 2020
The ‘safe-haven’ demand for the US dollar decreased yesterday and is still low this morning due to positive news about the US economy. Private payrolls increased by 2.369 million jobs last month, whilst the ISM Manufacturing PMI jumped to 52.6 in June of 2020 from...
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by Christopher Nye | Jul 2, 2020
The euro is stronger against the pound and the dollar this morning, after weakening slightly yesterday due to sterling and greenback movements. The European Union has excluded the US from its initial ‘safe list’ of countries from which the bloc allows non-essential...
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by Christopher Nye | Jul 2, 2020
After a weak start to the day, sterling strengthened slightly against the dollar yesterday afternoon. This was due to positive data from the US, which caused the greenback to edge lower, and UK manufacturing data that revealed a small increase in output. UK...
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by Christopher Nye | Jul 2, 2020
Sterling strengthened slightly yesterday after a promising data release, which indicated that the economy may be starting to mend after enduring coronavirus-related disruption. This morning, the pound is still stronger against the dollar. The US also received some...
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by Christopher Nye | Jul 1, 2020
There have been mixed signals regarding both the Covid crisis in the UK and the economy in recent days. One graph – British cases of Covid-19 and fatalities from it – appears to have stopped falling and levelled out at a rate far above our European neighbours. On the...
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