by Christopher Nye | Jul 29, 2020
Sterling was stronger against both the euro and the dollar yesterday and remains strong this morning. This was possibly due to promising retail sales data, which built on the positive PMI data for July that we saw at the end of last week. The Distributive Trades...
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by Christopher Nye | Jul 29, 2020
Sterling is looking stronger today after promising data, which shows that retail sales have picked up moderately in July. Although the news is positive, it has been met with caution as financial pressures on businesses are ongoing. The Federal Reserve will release...
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by Christopher Nye | Jul 29, 2020
The pound cranked up another half cent or so against the US dollar yesterday, as the world’s ‘reserve currency’ continued to suffer. It’s certainly doing poorly against sterling, trading at around its lowest levels of the past two years. But it’s against the euro that...
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by Christopher Nye | Jul 28, 2020
The dollar weakened to a near five month low against the pound and a two year low against the euro yesterday, as worries increase over the rising coronavirus cases in the US. However, it has made a small recovery this morning ahead of the Federal Reserve’s...
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by Christopher Nye | Jul 28, 2020
The euro was strong against both the pound and the dollar yesterday, still benefitting from news that EU leaders finalised their coronavirus recovery package last week. Any signs that the Eurozone is recovering economically and managing to contain the virus could also...
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