EUR: Busy week ahead for European data

After a week of relatively strong performance, euro ended the week down against the pound following the UK’s rate cut. This afternoon, we will see Eurozone consumer confidence figures, expected to show a significant drop in the currency climate. The European Central...


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GBP: Markets digest new fiscal support measures

Following the Bank of England’s second emergency cut to interest rates and a new batch of quantitative easing, the pound strengthened against the euro and dollar at the end of last week. As the markets were expecting the measures and considered the Bank’s actions to...


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Government announce more fiscal support

The pound ended last week up against the euro, after a second emergency rate cut by the Bank of England down to historic lows. It was also helped by increasingly concerning data from the Eurozone, showing the largest drop in German business confidence on record. When...


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Adapting to the new reality

For many of us, today is when gawping at the news stops and we just get on with life for the next few months in the new reality. At Smart we were very busy last week, especially on our corporate side, but with private clients too, helping them with wealth management....


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USD: Dollar slightly weaker this morning

The dollar was still strong against most currencies yesterday, as it continued to benefit in this time of crisis. However, it’s in a slightly weaker position this morning as the markets are starting to stabilise. The Federal Reserve announced that it will extend...


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