by Christopher Nye | Aug 6, 2020
The pound is strong after the Bank of England’s monetary policy update, which was released this morning. By unanimous vote, the Bank kept interest rates on hold and left its quantitative easing programme unchanged. It expects the economy to decline by 9.5% in...
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by Christopher Nye | Aug 5, 2020
After a brief rebound after a poor July, the dollar is still in a weak position and it could be said that the outlook remains bleak. A stimulus package to help the US economy with the effects of coronavirus is still being debated in Congress by Republicans and...
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by Christopher Nye | Aug 5, 2020
The euro was slightly stronger against the pound yesterday, as data from Spain revealed the first fall in unemployment since February. The number of people registered as unemployed in Spain fell by 89.8 thousand from a month earlier to 3.77 million in July 2020, after...
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by Christopher Nye | Aug 5, 2020
The pound weakened slightly against both the euro and the dollar yesterday. This was due to some brief strength from the dollar and worries over a second coronavirus wave. Anticipation ahead of the Bank of England’s meeting tomorrow also meant that sterling’s gains...
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by Christopher Nye | Aug 5, 2020
It’s a busy day for data releases today, with PMI (Purchasing Managers Index) figures expected for the UK, EU and US. This is considered a significant indicator of how economies are faring, so the markets will be watching closely. The dollar continues to suffer,...
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