by Christopher Nye | Jun 25, 2020
Negative rhetoric surrounding Brexit negotiations and fears of a second wave, provoked by a letter from top medics, weakened the pound yesterday. This morning, sterling is up slightly against the euro and the dollar but retains a softer tone as the stock markets fell...
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by Christopher Nye | Jun 24, 2020
The pound remained unmoved by optimistic Purchasing Managers’ Index (PMI) data yesterday, but only because the rest of Europe has similar data. There is a lot happening with currencies at the moment, including the end of the quarter, the partial end of the lockdown,...
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by Christopher Nye | Jun 24, 2020
The dollar slipped yesterday against most major currencies, as Markit PMI readings disappointed compared to the Eurozone’s and UK’s. US stock markets are braced for a wave of selling in the final days of the quarter as big investors cash in on recent rises in the...
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by Christopher Nye | Jun 24, 2020
IHS Markit PMI surveys all showed, if not a rebound, then certainly a slowing of the downturn in the Eurozone economy in June, ahead of expectations. In France, one of the worst affected countries, services PMI increased to 50.3 and manufacturing to 52.1, all much...
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by Christopher Nye | Jun 24, 2020
The pound would have been boosted by PMI readings well above market expectations for the UK, but this was tempered by most of Europe’s and the USA’s PMIs also being above expectations. Manufacturing in June expanded, at 50.1, although services were still contracting...
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