by Christopher Nye | Aug 5, 2020
As August kicked in, the pound lost some of the gains made at the end of July, particularly against the euro. However, it is still relatively strong against the dollar, which continues to suffer due to rising infection rates and worries over the US economy. The Bank...
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by Christopher Nye | Aug 4, 2020
Despite the demand for safe-haven currencies increasing, the dollar remains in a weak position against most currencies. This is due to worries over rising infection rates in the US and the re-introduction of lockdown measures. The IHS Markit US Manufacturing PMI was...
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by Christopher Nye | Aug 4, 2020
Data released yesterday showed that factories across the euro area performed better than expected in July, with positive numbers coming in from PMI data. However, figures also show that companies in the manufacturing sector continued to see backlogs of work decline...
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by Christopher Nye | Aug 4, 2020
After a strong start to the week, sterling weakened slightly against the euro yesterday afternoon whilst remaining in a good position against the dollar. The IHS Markit/CIPS UK Manufacturing PMI was revised lower to 53.3 in July 2020, from the preliminary estimate of...
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by Christopher Nye | Aug 4, 2020
The dollar is still suffering, mainly due to domestic issues related to the coronavirus crisis. Rising infection rates and the re-closure of businesses are weighing on the greenback, despite an increase in demand for safe-haven currencies. The pound is still looking...
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