by Christopher Nye | Aug 25, 2020
The dollar recovered a little ground against sterling and the euro over the past week. While Brexit negotiations appear to be going nowhere, there has been a recovery in the other major trade flashpoint, US-Chinese relations. This could be easily damaged by loose...
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by Christopher Nye | Aug 25, 2020
The euro remains steady against USD, just about holding onto August’s gains against USD. Potential threats to European business remain however, including a potential no-deal Brexit. Tensions with Russia will inevitably rise as German doctors claim that opposition...
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by Christopher Nye | Aug 25, 2020
The only data release today is at 11am, with CBI Distributive Trades, a test of retail expectations. Last month it beat expectations and this will be supportive of sterling if repeated this month. With little news yesterday the pound traded within a very narrow band...
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by Christopher Nye | Aug 25, 2020
There was little movement in GBP/EUR yesterday as data and news was thin on the ground, although GBP/USD swung down and then up by roughly 0.5% over the past 24 hours. Things could liven later in the week with more from Trump and central bankers at the Jackson Hole...
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by Christopher Nye | Aug 24, 2020
For currencies it’s going to be an interesting week. Sterling is still holding up well for the time of year, as recent third quarters have seen it suffer. On Brexit talks, as no-one has any real idea of the UK government or EU’s propensity for a no-deal, traders are...
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