by Christopher Nye | May 14, 2020
Euro was given a slight boost yesterday after the ECB’s Vice-President, Luis de Guindos, said that the economy may have already ‘hit rock-bottom’ and be on its way to recovery, as businesses across the Eurozone slowly reopen. Nonetheless, he said, a return to...
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by Christopher Nye | May 14, 2020
The pound dipped against the euro at the end of Wednesday, after comments by Rishi Sunak acknowledging that the UK is likely to be in a ‘significant recession’, considering the impact of just a few days’ shut down in March. His remarks came after GDP was shown to have...
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by Christopher Nye | May 14, 2020
The pound dipped against the euro yesterday, following Rishi Sunak’s comments that the UK is likely to already be in a ‘significant recession’. His comments come on the back of a poor showing for GDP figures on Wednesday, which revealed the economy shrank by 2% in the...
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by Christopher Nye | May 13, 2020
The dollar is up against the pound this morning, despite concerns from investors that the US could one day adopt negative interest rates, after Donald Trump continued to push for the policy. Consumer price figures also showed the biggest drop since the financial...
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by Christopher Nye | May 13, 2020
The euro is currently benefiting from the pound’s weakness, as the markets await industrial production figures later this morning, which are expected to show a significant further drop. Philip Lane and Luis de Guindos are expected to speak this evening and the markets...
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