by Christopher Nye | May 6, 2020
The pound is on an upward tick against the euro this morning, after investors moved away from the latter following a German court ruling on quantitative easing. Services and composite PMI came in yesterday extremely low, with services contracting at a record speed....
read more
by Christopher Nye | May 6, 2020
The euro saw a downtick yesterday as investors left following a German Constitutional Court ruling. The court ruled that the ECB has overstepped its bounds in its bond-purchase programme, giving the central bank three months to prove that it was proportionate to the...
read more
by Christopher Nye | May 5, 2020
The dollar is on an upward, if choppy, trend against the pound this morning. Although fears over a China-US trade war are returning, for the moment it appears that investors are still preferring the dollar as a safe haven, particularly with an Asian downturn, as Hong...
read more
by Christopher Nye | May 5, 2020
The ECB’s survey of professional forecasters showed European GDP is expected on average to decline by 5.5% due to coronavirus. However, in a more positive sign, it is then expected to grow by a strong 4.3% in 2021, before returning to lower levels of 1.4% in 2022. The...
read more
by Christopher Nye | May 5, 2020
Sterling has started this morning drifting against the euro, following reports at the weekend that business confidence is at an all-time low. The reading, from a survey of CFOs by Deloitte, showed 90% of respondents saw a high level of uncertainty facing their...
read more
