by Christopher Nye | Jul 8, 2020
After losing its safe haven appeal earlier in the week, the dollar was stronger again yesterday after worries resurfaced over coronavirus infection rates and local lockdowns. However, it looks weaker against the pound and euro this morning. In Melbourne, Australia,...
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by Christopher Nye | Jul 8, 2020
The euro weakened yesterday after the European Commission released its latest forecasts. GDP is now expected to contract by 8.3% this year before growing 5.8% in 2021. This compares to an earlier forecast that predicted a 7.7% in 2020 and a growth rate of 7.4% next...
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by Christopher Nye | Jul 8, 2020
The pound is in a stronger position against the euro and the dollar this morning, ahead of the ‘supplementary budget’. All eyes will be on Chancellor Rishi Sunak, as he is due to talk about government spending plans. This follows Boris Johnson’s ‘new deal’...
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by Christopher Nye | Jul 8, 2020
The Chancellor of the Exchequer, Rishi Sunak, is due to announce plans for government spending later today. A short-term VAT cut and a £2 billion home insulation scheme are expected to be announced, amongst other plans. Yesterday, the European Commission revised down...
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by Christopher Nye | Jul 7, 2020
The dollar remained weak yesterday as good news about the US economic hampered safe-haven demand. However, it is looking stronger this morning. The ISM Non-Manufacturing PMI for the US jumped to 57.1 in June of 2020 from 45.4 in the previous month, beating market...
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