by Christopher Nye | May 6, 2020
The euro saw a downtick yesterday as investors left following a German Constitutional Court ruling. The court ruled that the ECB has overstepped its bounds in its bond-purchase programme, giving the central bank three months to prove that it was proportionate to the...
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by Christopher Nye | May 5, 2020
The dollar is on an upward, if choppy, trend against the pound this morning. Although fears over a China-US trade war are returning, for the moment it appears that investors are still preferring the dollar as a safe haven, particularly with an Asian downturn, as Hong...
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by Christopher Nye | May 5, 2020
The ECB’s survey of professional forecasters showed European GDP is expected on average to decline by 5.5% due to coronavirus. However, in a more positive sign, it is then expected to grow by a strong 4.3% in 2021, before returning to lower levels of 1.4% in 2022. The...
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by Christopher Nye | May 5, 2020
Sterling has started this morning drifting against the euro, following reports at the weekend that business confidence is at an all-time low. The reading, from a survey of CFOs by Deloitte, showed 90% of respondents saw a high level of uncertainty facing their...
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by Christopher Nye | May 5, 2020
The dollar ended yesterday up against the pound, with investors seeming to head to the US despite worries over returning tensions with China and poor economic data. Yesterday was a mixed bag for the UK, with 90% of CFOs telling a Deloitte survey that they were...
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