by Christopher Nye | Jun 8, 2020
Over the past three weeks the pound has strengthened in a series of decisive steps agains the US dollar, ending up nearly 5% higher than in mid-May. It’s been more choppy against the euro, but we are at least back to the average of the past year, avoiding the...
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by Christopher Nye | Jun 5, 2020
The dollar has reached a month’s low against the pound, as investors turn to European economies reopening with lower infection rates and tension with China continuing to rise. The US trade deficit has widened to the largest gap in eight months, according to...
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by Christopher Nye | Jun 5, 2020
The euro was strong against the pound after the European Central Bank passed larger-than-expected stimulus measures, taking its total bond purchase programme to €1.35 trillion and extending it six months longer than the original plan, until June 2021. The ECB also, as...
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by Christopher Nye | Jun 5, 2020
The pound was still weak against the euro yesterday afternoon due to persistent fears of a no-deal Brexit at the end of this year, as well as increasing expectations of another rate cut from the Bank of England. However, sterling remains strong against the dollar and...
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by Christopher Nye | Jun 5, 2020
The euro was given a boost against the pound yesterday after the European Central Bank unveiled a larger-than-expected addition to its asset purchase programme, as well as extending it until June 2021. Although sterling looks slightly stronger this morning, fears over...
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