by Christopher Nye | Jul 9, 2020
The dollar has weakened against both EUR and GBP so far this week and could continue to do so as economic data comes in. Later today we’ll be hearing US jobless claims for the past week (as well as a rolling average) and, on Friday, producer prices. These are hugely...
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by Christopher Nye | Jul 9, 2020
The single currency continued to strengthen against the dollar yesterday, but the improvements amount only to around 1% over the course of the week, muted by doubts over the EU’s fund to help countries worst affected by the pandemic. The ‘Frugal Four’ (Austria, the...
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by Christopher Nye | Jul 9, 2020
Despite spending £30bn, there were complaints yesterday – and not just from the Opposition – that the mini-Budget is not enough to stimulate the economy into a V-shaped recovery. Nevertheless, sterling strengthened against USD and stayed firm against EUR. There are no...
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by Christopher Nye | Jul 9, 2020
Chancellor Rishi Sunak is being touted as a future Conservative Prime Minister and his £30bn giveaway mini-Budget was certainly a good way to make friends. Among the stimulus measures was: a job retention scheme that pays employers £1,000 for each member of staff they...
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by Christopher Nye | Jul 8, 2020
It’s going to be a big day for sterling today, so if you have a significant trade coming up over the next year, do get in touch with your trader early on 020 8108 5337. Sterling has recovered around 1-1.5% over the past week and a half against the euro and...
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