by Christopher Nye | May 6, 2020
The German Constitutional Court has ruled that the ECB’s mass quantitative easing programme has not had sufficient oversight from the German government. The ECB now has three months to prove that the programme is ‘proportionate’ or the Bundesbank could theoretically...
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by Christopher Nye | May 6, 2020
The pound is on an upward tick against the euro this morning, after investors moved away from the latter following a German court ruling on quantitative easing. Services and composite PMI came in yesterday extremely low, with services contracting at a record speed....
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by Christopher Nye | May 6, 2020
The euro saw a downtick yesterday as investors left following a German Constitutional Court ruling. The court ruled that the ECB has overstepped its bounds in its bond-purchase programme, giving the central bank three months to prove that it was proportionate to the...
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by Christopher Nye | May 5, 2020
The dollar is on an upward, if choppy, trend against the pound this morning. Although fears over a China-US trade war are returning, for the moment it appears that investors are still preferring the dollar as a safe haven, particularly with an Asian downturn, as Hong...
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by Christopher Nye | May 5, 2020
The ECB’s survey of professional forecasters showed European GDP is expected on average to decline by 5.5% due to coronavirus. However, in a more positive sign, it is then expected to grow by a strong 4.3% in 2021, before returning to lower levels of 1.4% in 2022. The...
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