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…
Read more
›
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…
Read more
›
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…
Read more
›
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…
Read more
›
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…
Read more
›
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.
Read more
›
The pound is strong against the dollar, euro and most major currencies this morning, despite the falling markets and lack of news on Brexit.
Read more
›
The pound is strong this morning against the euro, dollar and other currencies, possibly due to a more positive outlook surrounding Brexit and the economy. News that the US economy has fallen into recession has added to the…
Read more
›
