Following a positive start to the week, the pound is slightly weaker this morning. This follows the release of UK GDP for May, which came in at 1.8%, highlighting the challenge that the economy faces due to coronavirus.…
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Sterling had a relatively positive week last week, partly due to a more up-beat economic outlook. But will it maintain this recovery? Following the announcements last week, beauticians, tattooists, spas, tanning salons and other close-contact services can reopen…
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New daily Covid cases are setting new records, with 64,000 nationally, while Florida has taken over as the worst pandemic-affected US state now, just in time to wreck the vacation season. There were over 15,000 new cases there…
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Successful Brexit talks later this week should benefit the EUR globally, if not against GBP, but there are two tests of EU unity this week and it looks to have already failed the first.
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Sterling starts the week 1% above last Monday against the euro and a little more than that against the US dollar. Economic data and Brexit trade talks will determine whether that continues through the week, although the evidence…
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The focus this week will continue to be on whether the economic recovery from the global lockdown will be sharp or slow.
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The dollar strengthened towards the end of yesterday as it continues to benefit from its safe-haven appeal. US stock markets dropped on news that America hit another record high with coronavirus cases.
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Following Brexit talks in London this week, Chief Negotiator, Michel Barnier, said that "significant divergences" remain on both sides, but added that discussions have been "useful" and negotiations have been carried out in "good faith".
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