The euro weakened yesterday after the European Commission released its latest forecasts. GDP is now expected to contract by 8.3% this year before growing by 5.8% in 2021.
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The pound is in a stronger position against the euro and the dollar this morning, ahead of the 'supplementary budget'. All eyes will be on Chancellor Rishi Sunak, as he is due to talk about government spending plans.
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The Chancellor of the Exchequer, Rishi Sunak, is due to announce plans for government spending later today. A short-term VAT cut and a £2 billion home insulation scheme are expected to be announced, amongst other plans. Yesterday, the…
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The dollar remained weak yesterday as good news about the US economic hampered safe-haven demand. However, it is looking stronger this morning.
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This morning, German industrial production data showed a 7.8% increase month-on-month in May of 2020, following a record 17.5% drop in April as the country started to ease lockdown restrictions. However, figures came well below market expectations of…
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Sterling was weak against the euro and stronger against the dollar throughout the course of yesterday. However, it is weaker against the dollar this morning. Like last week, the pound has Brexit talks to contend with, and any…
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Positive data from the UK, EU and US show that economies made some recovery in May and June. However, with rising infection rates in the US and localised lockdowns in the EU and UK, there are fears that…
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The pubs and hairdressers opened at the weekend — which did you opt for? — as the country continued to return to “normal”. This week will show that we are anything but normal, however, as the Chancellor Rishi…
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