With news of more local lockdowns, rules on quarantining for anyone arriving from Spain and fears of a second wave, it could be said that things are looking very uncertain for sterling. Despite this, the pound had a…
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The dollar had a poor week last week. It was weak against both the euro and the pound due to poor GDP data, which showed that the US economy has fallen into recession. Rising infection rates and uncertainty…
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Preliminary GDP data showed that the Eurozone economy shrank by 12.1% in the three months to June 2020, entering a steep recession. Year-on-year, the economy shrank by a record 15.0% in the second quarter of 2020, compared to…
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At the end of last week, the pound was on course for its biggest monthly rise against the dollar in a decade. This was mainly driven by dollar weakness. The pound was also strong against the euro at…
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After finishing last week in a strong position, it could be said that the pound has a lot to contend with this week, including the Bank of England’s latest interest rate decision on Thursday. Any views from BoE…
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GDP data showed yesterday that the US economy shrank by an annualized 32.9% in the second quarter of 2020. It is the biggest contraction ever, pushing the economy into a recession as the pandemic has caused many businesses…
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This morning, Germany's retail sales fell by 1.6% month-on-month in June but increased 5.9% year-on-year. Today, we’ll see more data for Europe, with Italian GDP and Eurozone GDP due later.
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The pound is strong against the dollar, euro and most major currencies this morning, despite the falling markets and lack of news on Brexit.
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