by Christopher Nye | Jun 18, 2020
The US dollar had a choppy day against GBP, and after a positive start weakened gradually during the day against the euro. News of a spike in coronavirus cases in the US and a potential second wave in China, as well as geopolitical tensions between India and China,...
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by Christopher Nye | Jun 18, 2020
The euro lost half a cent against the USD during the day, while ending the day where it started against sterling. Car sales collapsed by 50% in May compared to last year, but the fact that over 580,000 Europeans escaped lockdown to buy new cars was seen as encouraging...
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by Christopher Nye | Jun 18, 2020
It’s always a big day when the Bank of England’s Monetary Policy Committee reports, especially when a central bank is staring down the barrel of a deep recession. Interest rates are expected to stay on 0.10% but an extra £100bn could go onto quantitative easing. That...
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by Christopher Nye | Jun 17, 2020
Hopes for a V-shaped recovery from the Covid-19 pandemic came at just the right time yesterday, as the dreaded second wave emerged in Beijing. The cheap and available treatment, Dexamethasone, is reported to cut death rates by up to a third and offers potential for an...
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by Christopher Nye | Jun 17, 2020
Sterling rallied around lunchtime yesterday, briefly rising to the week’s high on news of a stock-market rally. The good news continued for the nation as a whole, as researchers in Oxford found a cheap and widely-available treatment, Dexamethasone, that cuts Covid-19...
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