by Christopher Nye | Aug 12, 2019
The pound is up against the dollar and the euro this morning, after falling to a two-year low on Friday. UK GDP data unexpectedly contracted by 0.2% in the second quarter of this year, causing sterling to weaken. This was due to a lull following the Brexit stockpiling...
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by Christopher Nye | Aug 12, 2019
After hitting two-year lows against the euro last week, sterling is up again this morning. Last week’s publication of figures showing an unexpected decline in UK GDP caught the markets by surprise, fuelling fears of a recession. In Italy, fears of continuing disputes...
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by Christopher Nye | Aug 12, 2019
The big news on currencies right now is all in the Pacific, with threats of a currency war between China and the USA. The basics are this: the Chinese yuan has in the recent past always been below the level of 7 yuan to the US dollar. Early last week it slid to over...
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by Christopher Nye | Aug 9, 2019
The dollar is weak against the euro and soft against the pound today. It is thought that, if UK GDP data comes in below expectations, the dollar could extend its gains against the pound. In the latest US-China trade war news, the US is delaying the licenses to do...
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by Christopher Nye | Aug 9, 2019
The euro is strong against the pound and the dollar this morning. However, Italy’s political tensions may have an effect on Italian bonds, which could impact the euro. The single currency weakened yesterday as Matteo Salvini, leader of Italy’s League Party, called for...
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