by Christopher Nye | Apr 2, 2020
The pound is strong against the euro and steady against the dollar this morning. The U.S. Federal Reserve launched another programme to pump more dollars into the world economy, which in turn benefits the UK’s sizeable financial services sector and has eased...
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by Christopher Nye | Apr 2, 2020
Sterling reached a two week high against the euro over the past 24 hours, benefitting from euro weakness and the ripple effect on the British financial services sector due to the US Federal Reserve’s latest stimulus programme. Manufacturing figures showed overall poor...
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by Christopher Nye | Apr 1, 2020
The pound recovered yesterday to its highest level for nearly three weeks, against both the euro and US dollar. The main reason appears to be the actions of the US Federal Reserve, pumping more dollars into the global financial system, rather than anything happening...
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by Christopher Nye | Apr 1, 2020
Despite weakening slightly against the pound, the dollar was still strong across the board yesterday and is still strong this morning as coronavirus worries continue. Concerned by the number of growing COVID-19 cases in the US, where the reported cases are nearly...
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by Christopher Nye | Apr 1, 2020
European manufacturing shrunk further over the last month, data released this morning showed. Given the circumstances, it is likely to have been priced in by the markets, but it’s still a concerning sign for economic recovery once the crisis is over. Speculation...
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