The number of people registered as unemployed in Spain fell by 89.8 thousand from a month earlier to 3.77 million in July 2020, after significant rises in March and April. It was the biggest decline in the number…
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The pound weakened slightly against both the euro and the dollar yesterday. This was due to some brief strength from the dollar and worries over a second coronavirus wave. Anticipation ahead of the Bank of England’s meeting tomorrow…
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It’s a busy day for data releases today, with PMI (Purchasing Managers Index) figures expected for the UK, EU and US. This is considered a significant indicator of how economies are faring, so the markets will be watching…
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As August kicked in, the pound lost some of the gains made at the end of July, particularly against the euro. However, it is still relatively strong against the dollar, which continues to suffer due to rising infection…
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Despite the demand for safe-haven currencies increasing, the dollar remains in a weak position against most currencies. This is due to worries over rising infection rates in the US and the re-introduction of lockdown measures.
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Data released yesterday showed that factories across the euro area performed better than expected in July, with positive numbers coming in from PMI data.
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It's thought that the pound will continue to mainly be driven by Brexit news. The markets will be focusing on the Bank of England’s monetary policy meeting on Thursday, but the pound could remain relatively subdued unless there…
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The dollar is still suffering, mainly due to domestic issues related to the coronavirus crisis. Rising infection rates and the re-closure of businesses are weighing on the greenback, despite an increase in demand for safe-haven currencies. The pound…
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