by Christopher Nye | Feb 24, 2020
After a weak start to the day, the pound recovered in the afternoon on Friday, boosted by positive PMI data. Manufacturing grew at its fastest pace in 10 months in February, coming in at 52.8 and beating expectations of 49.7. Services fell to 53.3 down from a figure...
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by Christopher Nye | Feb 24, 2020
The pound finished last week on a strong note. Positive data releases – and poor figures from the Eurozone – helped to keep sterling high. However, it is slightly weaker this morning ahead of both the UK and EU revealing their negotiating mandates this week. As we...
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by Christopher Nye | Feb 24, 2020
The pound faces an interesting week against the euro, with competing influences including our old friend “Brexit talks” but also the coronavirus – or as we should probably call it, Covid-19. The reassuring presence of the English Channel means that – even...
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by Christopher Nye | Feb 21, 2020
The dollar went from strength to strength yesterday, rising against major currencies. Coronavirus worries have sustained its safe-haven appeal and a strong US economy has also helped the greenback. The US economy is thought to be more resilient than other countries in...
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by Christopher Nye | Feb 21, 2020
The euro gained ground against the pound yesterday, although it is still lower than the beginning of this month. After a week of data missing expectations, German consumer confidence came in as forecast, although still low. The ECB released its monetary policy meeting...
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