by Christopher Nye | Apr 6, 2020
The dollar was in a strong position at the end of last week, despite non-farm payrolls coming in much worse than expected at -701,000 for March, halting a decade of jobs growth in the US. It could be said that the figure next month will be even worth, as it will take...
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by Christopher Nye | Apr 6, 2020
After a week of losing ground to the pound, the euro ended on a slightly higher note against sterling. It was given a slight boost by better-than-expected retail sales on Friday, after a morning of disappointing services and composite PMI data, coming in largely below...
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by Christopher Nye | Apr 6, 2020
Sterling weakened against both the euro and the dollar on Friday, as PMI data showed that the Services and Manufacturing industries slumped to a record low. The final composite Purchasing Managers’ Index covering the two sectors fell to 36.0 from a preliminary “flash”...
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by Christopher Nye | Apr 6, 2020
The pound started this week in the early morning down against the dollar and euro, although it appears to be regaining some ground. Poor economic data, with services and manufacturing PMIs showing record lows, put pressure on sterling last week, while euro in turn has...
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by Christopher Nye | Apr 6, 2020
If anything could be said to have had done well in the past couple of weeks, the pound has. It recovered around 8% by Friday against the euro. Against the US dollar, although the gains from two weeks ago weren’t repeated last week, GBP/USD at least remained...
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