by Christopher Nye | May 31, 2019
The euro is low but relatively stable this morning, as fears over the Italian economy in particular continue to put on pressure. Reaction to the Italian yearly GDP figures, coming in at -0.1% – rather than the 0.1% expected – will likely cause further volatility. With...
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by Christopher Nye | May 31, 2019
The pound fell to its lowest rate since January yesterday and is choppy this morning. This drop was an extension of its recent losses due to the possibility of the new Prime Minister advocating a no-deal Brexit scenario. So far, 12 MPs have thrown their hat into the...
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by Christopher Nye | May 31, 2019
Uncertainty over Theresa May’s successor – with twelve candidates for Tory leadership – is helping to put pressure on the pound, pushing it down to its lowest level since January. Meanwhile, fears over the Italian budget crisis are also keeping the euro low. The...
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by Christopher Nye | May 30, 2019
The dollar has edged towards a one week high this morning against a basket of currencies, including the pound and the euro. This comes as investors are turning to the greenback due to US-China trade tensions. The US awaits revised GDP data later today and the Federal...
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by Christopher Nye | May 30, 2019
It was a mixed bag of economic releases yesterday. Business confidence for the eurozone as a whole fell slightly below expectations, but industrial sentiment did improve more than expected – although it is still in the negative. French GDP growth came in at 0.3% this...
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