by Christopher Nye | Aug 13, 2020
The dollar weakened against the pound and euro yesterday and is still weak this morning, as Republicans and Democrats are struggling to agree on a stimulus bill to help the US economy. Treasury Secretary, Steven Mnuchin said on Wednesday that the White House and top...
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by Christopher Nye | Aug 13, 2020
Industrial production figures for the Euro Area came in yesterday, showing a decrease year-on-year and an increase month-on-month, suggesting that the sector is recovering after the coronavirus crisis. This morning,Consumer prices in Germany fell 0.1% from a year...
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by Christopher Nye | Aug 13, 2020
The pound is still well supported against the dollar but weaker against the euro this morning over concerns about the UK’s economic recovery in comparison to the Eurozone. The Office of National Statistics reported that the UK had the worst economic slump in...
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by Christopher Nye | Aug 13, 2020
The pound is still strong and largely unchanged against the dollar, despite GDP data yesterday which revealed that the UK economy has gone into recession. However, sterling is weaker against the euro this morning as data shows that the UK has experienced the worst...
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by Christopher Nye | Aug 12, 2020
The pound is still strong against both the euro and the dollar this morning after GDP data was released. As expected, the data shows that the UK economy has fallen into recession, shrinking 20.4% in the second quarter of this year and 21.7% year-on-year. However,...
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