by Christopher Nye | Apr 29, 2020
Listening to the Greek Tourism Minister on the radio this morning, it’s clear that southern Europe is determined to save its summer season. When tourism accounts for 18% of your GDP, and you’ve only just begun to recover from the worst economic catastrophe...
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by Christopher Nye | Apr 29, 2020
UK retail sales hit a record low yesterday, according to data from the CBI, which showed it to be equivalent to 2008’s levels. Although this is not good news for the pound, it still ended yesterday slightly up against the euro, with the markets expecting poor figures...
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by Christopher Nye | Apr 29, 2020
The dollar is up against the pound this morning, after a brief drop yesterday. It comes despite a day of relatively poor data releases, with increasing expectations of American’s economy ‘reopening’ despite controversy over safety issues. One positive among poor trade...
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by Christopher Nye | Apr 29, 2020
Euro is down this morning against the pound, with the markets expecting further drops in industrial, services, business and consumer confidence data from the Eurozone later this morning. Spanish business confidence is also expected to show a dramatic drop. It’s a busy...
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by Christopher Nye | Apr 29, 2020
The pound is drifting within a relatively narrow range against the euro, with the uncertainty over when and in what form lockdown easing will take place in the UK. Further downward pressure was exerted yesterday by retail sales acidity, which the CBI reported to have...
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