The European Central Bank’s Villeroy, speaking yesterday, hinted that the Bank may yet inject more stimulus measures into the Eurozone economy, saying that low inflation gives them the opportunity to act ‘rapidly and powerfully’ and ‘go even further’.…
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The pound is up against the euro this morning, with optimism for businesses rising after Boris Johnson announced that non-essential retailers will reopen from mid-June. This comes after data on Friday showed retail sales to have dropped a…
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The pound is up against the euro and dollar this morning on optimism from small businesses, following an announcement by Boris Johnson that non-essential retailers will be able to open from the 15th June. Expectations of further stimulus…
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Tensions with China continue to put pressure on the dollar, with Congress examining a bill passed by the Senate that requires companies to certify they are not owned by a foreign government if its audits cannot be inspected…
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It was a relatively positive day for the eurozone yesterday, as data releases showed the economy is perhaps taking small steps towards recovery. Composite PMI exceeded expectations, reaching 30 and reversing the losses of April compared to March.…
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The pound is down this morning after retail sales fell by a record 22% year-on-year in April, according to figures just released. Public sector borrowing also leapt by over £30 billion, as the government attempts to stem the…
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The pound has weakened against the euro this morning after figures showed that retail sales fell by a record 22.6% year-on-year. While far from unexpected, given the lockdown situation, it still raises fears of how long a recovery…
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The dollar is up against the pound this morning, despite a weakening yesterday evening following the release of the Federal Reserve’s latest minutes, showing concern over the coronavirus crisis ‘weighing heavily’ on the economy.
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