by Christopher Nye | Jul 7, 2020
The euro has had a strong start to the week due to reports that the Eurozone economy is recovery. After positive factory data yesterday morning, Eurozone retail sales rose 17.8% month-on-month in May, above expectation of 15%. This morning, German industrial...
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by Christopher Nye | Jul 7, 2020
Sterling was weak against the euro and stronger against the dollar throughout the course of yesterday. However, it is weaker against the dollar this morning. Like last week, the pound has Brexit talks to contend with, and any news from this could affect sterling. As...
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by Christopher Nye | Jul 7, 2020
Positive data from the UK, EU and US show that economies made some recovery in May and June. However, with rising infection rates in the US and localised lockdowns in the EU and UK, there are fears that this progress could be hindered. Ahead of an announcement from...
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by Christopher Nye | Jul 6, 2020
The pubs and hairdressers opened at the weekend — which did you opt for? — as the country continued to return to “normal”. This week will show that we are anything but normal, however, as the Chancellor Rishi Sunak launches a mini-Budget on Wednesday and we get more...
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by Christopher Nye | Jul 6, 2020
Fresh market optimism has weakened the safe-haven demand for the dollar this morning, causing it to weaken. This is due to hopes that PMI data for June, which is due to be released later today, will show a significant improvement. It is likely to reflect the reopening...
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