by Christopher Nye | Apr 15, 2020
After protracted negotiations, EU leaders have come to an agreement for a €500 billion emergency loan finance package to help fight the economic disruption of coronavirus. The idea of common ‘coronabonds’ has, for the moment, been shelved following opposition from...
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by Christopher Nye | Apr 15, 2020
The pound reached one-week highs against both the euro and the dollar yesterday, as optimism surrounding the effectiveness of lockdown measures increased. However, sterling is weaker this morning. As we have seen recently, it is moving with market sentiment, which has...
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by Christopher Nye | Apr 15, 2020
After a strong day yesterday sterling is slightly weaker this morning, possibly due to negative global market movements and warnings from the UK’s tax and spending watchdog that coronavirus could lead to the economy shrinking by as much as 35%. European leaders have...
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by Christopher Nye | Apr 14, 2020
The dollar remains under pressure this morning as improved market sentiment continues. Chinese trade data painted a better picture of the economy than expected and the number of daily fatalities in the US has fallen. At the end of last week, the greenback weakened...
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by Christopher Nye | Apr 14, 2020
The euro reached a four-week low against sterling on Thursday, after European leaders failed to come to agreement over financial rescue package options for the Eurozone amid the coronavirus crisis. After a series of long discussions, a last-minute package was agreed...
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