by Christopher Nye | May 15, 2020
The pound is drifting lower against the euro this morning, ahead of an announcement of progress – or not – made in the latest Brexit talks. So far, it appears that not much has changed, with both sides ‘flatly refusing’ compromise. Meanwhile, the European Commission...
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by Christopher Nye | May 14, 2020
The dollar started this morning up against the pound after the Federal Reserve rejected negative rates, with Jerome Powell saying they are ‘not under consideration’. Nonetheless, he did also warn of ‘slow recovery’, arguing that further stimulus measures would be...
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by Christopher Nye | May 14, 2020
Euro was given a slight boost yesterday after the ECB’s Vice-President, Luis de Guindos, said that the economy may have already ‘hit rock-bottom’ and be on its way to recovery, as businesses across the Eurozone slowly reopen. Nonetheless, he said, a return to...
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by Christopher Nye | May 14, 2020
The pound dipped against the euro at the end of Wednesday, after comments by Rishi Sunak acknowledging that the UK is likely to be in a ‘significant recession’, considering the impact of just a few days’ shut down in March. His remarks came after GDP was shown to have...
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by Christopher Nye | May 14, 2020
The pound dipped against the euro yesterday, following Rishi Sunak’s comments that the UK is likely to already be in a ‘significant recession’. His comments come on the back of a poor showing for GDP figures on Wednesday, which revealed the economy shrank by 2% in the...
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