by Christopher Nye | May 4, 2020
The pound ended the month reversing some of its gains after a sell-off amid fears of a growth in US-China tensions. Sterling is sensitive to these trends, and a reduced appetite for risk has not done it any favours. Also not helping matters were manufacturing figures,...
read more
by Christopher Nye | May 4, 2020
May is an interesting month for currencies. April tends to be positive for sterling – coinciding with the end of the financial year – but then can begin a steady slide towards the summer. That’s been mixed up in recent years, by things like elections and Brexit...
read more
by Christopher Nye | May 1, 2020
The American economy continues to struggle under the impact of coronavirus, with a further 3.8 million people losing their jobs over the past week, bringing unemployment to over 30 million. Personal income has also declined further than expected. More positively, on...
read more
by Christopher Nye | May 1, 2020
The euro weakened against the pound yesterday following the ECB’s monthly meeting. Although it kept asset purchase packages unchanged, it launched a programme of ‘pandemic lending’ and eased conditions on long term loans for banks. The latter means the interest rate...
read more
by Christopher Nye | May 1, 2020
The pound is benefitting from the euro’s weakness this morning, although manufacturing figures later this morning could put pressure on this uptick. Optimism also grew yesterday following Boris Johnson’s statement that the UK is past the peak of the coronavirus...
read more
