by Christopher Nye | May 4, 2020
Uncertainty is weighing on the markets, as the US and China ramp up tensions over the origin of the coronavirus. America’s Mike Pompeo said on Sunday there is ‘enormous evidence’ that it came from a Wuhan laboratory, while the Chinese government continues to claim...
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by Christopher Nye | May 4, 2020
The dollar has started the week up against the pound, as lockdown begins to lift in more states, although concerns remain over the spread of the virus. However, there is still plenty of uncertainty, not least as the US and China ramp up tensions once more, with...
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by Christopher Nye | May 4, 2020
After a poor week, euro ended up stronger against the pound, with a decline in global investor sentiment helping to push it up. It came after a week of more negative sentiment, with Eurozone GDP coming in at a record low and France entered a technical recession. This...
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by Christopher Nye | May 4, 2020
The pound ended the month reversing some of its gains after a sell-off amid fears of a growth in US-China tensions. Sterling is sensitive to these trends, and a reduced appetite for risk has not done it any favours. Also not helping matters were manufacturing figures,...
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by Christopher Nye | May 4, 2020
May is an interesting month for currencies. April tends to be positive for sterling – coinciding with the end of the financial year – but then can begin a steady slide towards the summer. That’s been mixed up in recent years, by things like elections and Brexit...
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