The second coronavirus wave is continuing to sweep across Europe as youngsters in particular drop social distancing in the tourist resorts. In Italy, the government says that nightlife could be stopped at 6pm, while German chancellor Angela Merkel…
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It could be a volatile week for sterling. After the excitement of Friday, the pound starts the week around 0.5% lower today than early Friday.
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There’s a week of politics and policymakers ahead of us, with important signals as to the future of monetary policy at the Jackson Hole symposium, the “return to normality” from Covid, Trump’s potential second term and of course,…
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The dollar was slightly stronger yesterday as its safe-haven appeal came into play again. This was a result of meeting minutes from the Federal Reserve, which expressed worries over the US economy, and jobless claims data.
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Minutes from the ECB’s latest monetary policy meeting were released yesterday. The word ‘uncertainty’ appeared 20 times, which probably sums up the outlook for most central banks at the moment.
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The pound was boosted by increased retail sales, more than gaining what it lost against the euro yesterday and gaining its losses against the dollar. Sterling has risen 7% against the dollar over the past seven months, but…
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Sterling gained 1% or so on the euro overnight, continuing this morning as retail sales grew by 3.6% between June and July. Indeed retail sales were higher than in February, before the pandemic began. This makes is less…
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The dollar rebounded slightly against the pound and euro yesterday afternoon ahead of the release of the FOMC minutes. It then strengthened further when the minutes were released, due to its safe haven status.
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