by Christopher Nye | Feb 25, 2020
The pound weakened against both the euro and the dollar yesterday. It’s fall against the greenback was due to increased COVID-19 fears, which caused investors to turn to safe-haven currencies. Ongoing worries about trade negotiations with the EU have also continued to...
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by Christopher Nye | Feb 25, 2020
The pound ended yesterday down against the euro and dollar. The former was boosted by unexpectedly positive figures out of Germany, despite coronavirus fears in Italy. Sterling is slightly stronger against the euro this morning, however, as German GDP data missed...
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by Christopher Nye | Feb 24, 2020
After a particularly strong week last week, the dollar finished Friday on a weaker note after poor PMI data. The data showed that both manufacturing and services industries stalled in February, largely due to increasing concerns over the coronavirus. Services dropped...
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by Christopher Nye | Feb 24, 2020
After a week of disappointing data releases failing to hit forecasts, Friday ended on a positive note with German and Eurozone manufacturing PMI coming in better than expected. It’s certainly a good sign for what is one of the more embattled sectors of the Eurozone at...
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by Christopher Nye | Feb 24, 2020
After a weak start to the day, the pound recovered in the afternoon on Friday, boosted by positive PMI data. Manufacturing grew at its fastest pace in 10 months in February, coming in at 52.8 and beating expectations of 49.7. Services fell to 53.3 down from a figure...
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