by Christopher Nye | Apr 2, 2020
Virus worries continue to fuel the dollar, with manufacturing PMI data for various countries showing a decline yesterday. The US’s manufacturing figure also fell into contraction territory, coming in lower than expected at 48.5. Data showing private sector jobs loss...
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by Christopher Nye | Apr 2, 2020
The euro is weak against the pound and the dollar this morning, as the markets begin to vent their frustration at the Eurozone’s inability to adopt a united approach to fighting the economic damage caused by the coronavirus pandemic. Member states are currently...
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by Christopher Nye | Apr 2, 2020
The pound is strong against the euro and steady against the dollar this morning. The U.S. Federal Reserve launched another programme to pump more dollars into the world economy, which in turn benefits the UK’s sizeable financial services sector and has eased...
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by Christopher Nye | Apr 2, 2020
Sterling reached a two week high against the euro over the past 24 hours, benefitting from euro weakness and the ripple effect on the British financial services sector due to the US Federal Reserve’s latest stimulus programme. Manufacturing figures showed overall poor...
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by Christopher Nye | Apr 1, 2020
The pound recovered yesterday to its highest level for nearly three weeks, against both the euro and US dollar. The main reason appears to be the actions of the US Federal Reserve, pumping more dollars into the global financial system, rather than anything happening...
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