The pound is, once again, moving in tandem with the stock markets, which fell overnight due to fears of a second coronavirus wave. However, sterling is slightly stronger against the euro and dollar this morning. Talk of a…
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Negative rhetoric surrounding Brexit negotiations and fears of a second wave, provoked by a letter from top medics, weakened the pound yesterday. This morning, sterling is up slightly against the euro and the dollar but retains a softer…
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The pound remained unmoved by optimistic Purchasing Managers’ Index (PMI) data yesterday, but only because the rest of Europe has similar data. There is a lot happening with currencies at the moment, including the end of the quarter,…
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The dollar slipped yesterday against most major currencies, as Markit PMI readings disappointed compared to the Eurozone’s and UK’s.
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IHS Markit PMI surveys all showed, if not a rebound, then certainly a slowing of the downturn in the Eurozone economy in June, ahead of expectations. In France, one of the worst affected countries, services PMI increased to…
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The pound would have been boosted by PMI readings well above market expectations for the UK, but this was tempered by most of Europe’s and the USA’s PMIs also being above expectations.
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The Prime Minister announced a raft of coronavirus lockdown restrictions being eased from 4 July, including the opening of pubs, outdoor gyms, cinemas and galleries, if they can do so with effective social distancing of “one-metre-plus”. What remains…
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The dollar will continue to be influenced by the rise and fall in pandemic numbers coming from US states. The US dollar has a complicated relationship with troubles on its own doorstep, gaining from being a safe haven…
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