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EUR: Manufacturing decline shows slight easing

The euro is down against the pound this morning, with manufacturing data from yesterday showing a continued decline, albeit at a slower pace than April. Nonetheless, as in the UK, economies reopening have helped to push business confidence to a three-month high. The...


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Pound rallies on optimism over re-opening

The pound has strengthened to almost a month’s high against the euro today, boosted by investor optimism as the UK enters a phase of reopening non-essential businesses and allows larger groups to meet. Nonetheless, there is still widespread expectation that this...


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GBP: Pound up as lockdown easing begins

The pound is up against the euro this morning as lockdown restrictions begin to ease for businesses and schools. Key year groups are back from today, and open-air markets and car showrooms are also opening. In two weeks’ time, non-essential shops in England will...


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