by Christopher Nye | Feb 5, 2020
It was a choppy day for the euro yesterday, as the markets reacted to worries over a potential ‘no trade deal’ Brexit. This morning, services PMI for the Eurozone, France and Germany have shown little movement, although yearly retail sales later on today are forecast...
read more
by Christopher Nye | Feb 5, 2020
Sterling recovered slightly yesterday but is still under pressure as Boris Johnson suggested that we could end the Brexit transition period without a trade deal. Construction PMI for the UK was released yesterday morning, showing an improved reading of 48.4 from 44.4...
read more
by Christopher Nye | Feb 5, 2020
With yesterday a quiet day for economic releases, the pound was still choppy after Boris Johnson raised worries of the UK exiting the transition period without a trade deal – thereby defaulting to WTO terms, including tariffs. This morning, services PMI data from the...
read more
by Christopher Nye | Feb 5, 2020
The pound has been swinging up and down around 2% against both the US dollar and euro in recent days. The initial reason for it falling was the increasing talk around what would be essentially a no-deal trade deal between the UK and EU. Strictly speaking it would be...
read more
by Christopher Nye | Feb 4, 2020
The dollar was strong against a basket of currencies yesterday. A series of ISM manufacturing data showed positive results, reporting that US factory activity unexpectedly rebounded in January after contracting for five consecutive months. The first stage of the 2020...
read more
