by Christopher Nye | May 7, 2020
Euro is down against the pound this morning after a series of poor data releases. Construction has shrunk across the eurozone, with a particularly sharp drop to almost 0 in France and Italy. Luis de Guindos has used his speech presenting the European Central Bank’s...
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by Christopher Nye | May 7, 2020
The pound is up against the euro this morning, after the Bank of England voted to keep its interest rates unchanged and to continue its quantitative easing programme. With two policymakers calling for QE levels to be increased, investors are also expecting more asset...
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by Christopher Nye | May 7, 2020
Sterling has been given a boost by the early-morning announcement that the Bank of England will keep both interest rates and its quantitative easing programme unchanged. With some policymakers calling for an increase in QE, it looks potentially more likely that there...
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by Christopher Nye | May 6, 2020
Some people don’t like the use of wartime metaphors when talking about fighting Covid-19, but as we’ve all got the day off on Friday to mark VE (Victory in Europe) Day 75 years ago, and we are apparently “over the peak”, we could maybe think...
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by Christopher Nye | May 6, 2020
The dollar is up against the pound this morning, although not at levels of the end of last month. It continues to benefit from its safe-haven status, helped also by an unexpected growth in non-manufacturing prices. The IBD/TIPP economic optimism index also showed...
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