by Christopher Nye | Aug 12, 2019
The dollar is strong against the euro and weak against the pound this morning, as the US-China trade war looks set to continue for a long while. President Donald Trump has said that he’s not ready to make a deal with China yet, and even said that talks in September...
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by Christopher Nye | Aug 12, 2019
It was a strong week for the euro against the pound last week, hitting almost two-year highs on Friday as the British economy showed further contraction. The single currency has dipped against the pound again this morning, although how long this will last remains to...
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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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