by Christopher Nye | May 1, 2020
The American economy continues to struggle under the impact of coronavirus, with a further 3.8 million people losing their jobs over the past week, bringing unemployment to over 30 million. Personal income has also declined further than expected. More positively, on...
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by Christopher Nye | May 1, 2020
The euro weakened against the pound yesterday following the ECB’s monthly meeting. Although it kept asset purchase packages unchanged, it launched a programme of ‘pandemic lending’ and eased conditions on long term loans for banks. The latter means the interest rate...
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by Christopher Nye | May 1, 2020
The pound is benefitting from the euro’s weakness this morning, although manufacturing figures later this morning could put pressure on this uptick. Optimism also grew yesterday following Boris Johnson’s statement that the UK is past the peak of the coronavirus...
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by Christopher Nye | May 1, 2020
Boris Johnson returned to the podium for yesterday’s coronavirus briefing, telling the press that the UK is seemingly through the peak, but that, to avoid a second spike, it is necessary to ‘unlock the economy gradually’. He promised there would be ‘a lot more next...
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by Christopher Nye | Apr 30, 2020
The US economy is shrinking at the same pace as in 2008, the latest figures show, hitting an annual rate of -4.8% and ending the record six years of expansion. It comes as consumer spending dropped 7.6% in the first quarter of the year and home sales dropped 16%....
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