Sterling perked up a little yesterday lunchtime and stayed there, despite a survey from the CBI that found the UK retail sector to be in even more trouble than expected, while Germany’s business sector is more optimistic. Another…
Read more
›
The dollar recovered a little ground against sterling and the euro over the past week. There has been a recovery in US-Chinese relations.
Read more
›
The euro remains steady against USD, just about holding onto August’s gains against USD.
Read more
›
The only data release today is at 11am, with CBI Distributive Trades, a test of retail expectations. Last month it beat expectations and this will be supportive of sterling if repeated this month.
Read more
›
There was little movement in GBP/EUR yesterday as data and news was thin on the ground, although GBP/USD swung down and then up by roughly 0.5% over the past 24 hours. Things could liven later in the week…
Read more
›
For currencies it’s going to be an interesting week. Sterling is still holding up well for the time of year, as recent third quarters have seen it suffer. On Brexit talks, as no-one has any real idea of…
Read more
›
The dollar could come under threat midweek with the (virtual) Jackson Hole symposium of senior policymakers. What can US policymakers do about arresting the dollar’s structural weakness?
Read more
›
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…
Read more
›
