It’s been well documented that, as well as taking a toll on the health of the public, coronavirus has also affected the health of our economy. This was highlighted yesterday morning when the latest GDP figure for May…
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The dollar was impacted against the euro yesterday as tensions with China rose, not just over Hong Kong but also over territorial claims in the South China Sea.
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The single currency gained strength against the US dollar and sterling yesterday, as it powers out of lockdown while the US is struck down again.
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Sterling slipped a further 1% against the euro yesterday as official UK data showed that GDP grew by just 1.8% in May, a disappointment compared to the 5.5% that was anticipated. The economy remains nearly 25% down on…
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Sterling suffered from poorer than expected economic data yesterday, while the euro hit a 16-month high against the dollar.
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The dollar is strong this morning as global COVID-19 cases have passed 13 million mark, jumping by 1 million over the past 5 days. As infections rise in the US, many businesses are re-closing to try to curb…
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The euro strengthened yesterday in anticipation of the ECB meeting this week, which is due to take place on Thursday. Officials are expected to announce that they will keep interest rates the same.
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After a positive start to the week, the pound weakened this morning against the euro and the dollar. This was due to GDP data for the UK, which showed that the economy grew by 1.8% in May.
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