by Christopher Nye | Apr 16, 2020
The dollar was stronger yesterday and is up this morning as safe-haven currencies are in favour once again. This was due to news that the global economy is expected to shrink this year. Retail sales in the US plunged 8.7% month-on-month in March of 2020, worse than...
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by Christopher Nye | Apr 16, 2020
It was a choppy day for the euro against the pound yesterday, after almost hitting a month low earlier in the week. German inflation this morning has shown a small drop and the markets are expecting European industrial production to decline further. Ursula von der...
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by Christopher Nye | Apr 16, 2020
The pound lost some of its gains yesterday and is still weak this morning, as optimism surrounding the coronavirus crisis waned. This came as the International Monetary Fund predicted that the global economy is expected to shrink by 3.0% during 2020. Both the Health...
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by Christopher Nye | Apr 16, 2020
The pound came under pressure yesterday evening, with the effects of optimism over the results of lockdown in the UK seeming to shrink, as Matt Hancock warned that the country is still a way off the peak. The IMF has predicted that the global economy will shrink by 3%...
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by Christopher Nye | Apr 15, 2020
The pound strengthened to its highest against the euro and US dollar for over a month yesterday. Although it has slipped back a little since then, it’s still a positive sign when you consider we were knocking on the door of parity against the euro, and the...
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