by Christopher Nye | Feb 12, 2020
Sterling enjoyed an uplift yesterday after better than expected GDP data, but remained around its lowest levels for the year as trade talk uncertainty continues to weigh. Preliminary GDP data showed that British economic growth showed no change for the fourth quarter...
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by Christopher Nye | Feb 12, 2020
The British economy grew faster than expected in the last quarter of 2019, according to yesterday’s figures, giving the pound a boost against the euro. Nonetheless, weakness remains due to concerns over the upcoming trade talks. Yesterday, Ursula von der Leyen said...
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by Christopher Nye | Feb 11, 2020
Increased concerns about the coronavirus strengthened the dollar yesterday, as investors once again turned to safe haven currencies. It was down against the pound but hit a four-month high against the euro. The World Health Organisation has said that the number of...
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by Christopher Nye | Feb 11, 2020
Euro is down against the pound, after Italian industrial production showed a much sharper decline than expected yesterday morning. Industrial output year-on-year also showed its first contraction since 2014. Talk of potential stumbling blocks in the UK-EU trade...
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by Christopher Nye | Feb 11, 2020
After starting the day in a weaker position, sterling strengthened in the afternoon yesterday, recovering from a two and a half low against the dollar. After a downturn last week due to trade talk tensions between the UK and EU, the pound appeared to rebound...
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