by Christopher Nye | Apr 30, 2020
The US economy is shrinking at the same pace as in 2008, the latest figures show, hitting an annual rate of -4.8% and ending the record six years of expansion. It comes as consumer spending dropped 7.6% in the first quarter of the year and home sales dropped 16%....
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by Christopher Nye | Apr 30, 2020
Today is an important day for the eurozone, with early pressure on the euro coming from this morning’s poor GDP readings from Spain. Later on today, Eurozone GDP is also expected to enter the negative. The European Central Bank is expected to announce, or at least...
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by Christopher Nye | Apr 30, 2020
The pound is weaker against the euro, after losing ground yesterday following poor retail sales data on Monday. Yesterday saw little in the way of economic releases, with more movement perhaps coming from fears over the economic impact of coronavirus. For Boris...
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by Christopher Nye | Apr 30, 2020
The dollar is down against the pound this morning, after figures showed the US economy contracted by almost 5%, reaching a 12-year low not seen since the financial crisis. The euro has made slight gains against the pound, bolstered by talk of further stimulus from the...
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by Christopher Nye | Apr 29, 2020
Listening to the Greek Tourism Minister on the radio this morning, it’s clear that southern Europe is determined to save its summer season. When tourism accounts for 18% of your GDP, and you’ve only just begun to recover from the worst economic catastrophe...
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