As we approach the third month of lockdown in the UK, the pound has weakened almost 3% against the euro since this time last week. The most obvious cause was an interview with Andy Haldane, chief economist at…
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Euro has started this morning slightly up against the pound, helped by a recovery in German stocks from its previous three-month low. Nonetheless, GDP figures have just come in showing a 2.2% drop in Germany, so we may…
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The pound is drifting down against the euro this morning, as speculation mounts of very little progress made in this week’s round of Brexit talks. Both sides are reportedly still reluctant to shift from their red lines. German…
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The dollar is up against the pound this morning, following figures showing that continuing joblessness claims in the US, while hitting an all-time high, are not at levels that the market had forecast, raising hopes that the increase…
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The pound is drifting lower against the euro this morning, ahead of an announcement of progress – or not – made in the latest Brexit talks. So far, it appears that not much has changed, with both sides…
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The dollar started this morning up against the pound after the Federal Reserve rejected negative rates, with Jerome Powell saying they are ‘not under consideration’. Nonetheless, he did also warn of ‘slow recovery’, arguing that further stimulus measures…
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Euro was given a slight boost yesterday after the ECB’s Vice-President, Luis de Guindos, said that the economy may have already ‘hit rock-bottom’ and be on its way to recovery, as businesses across the Eurozone slowly reopen. Nonetheless,…
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The pound dipped against the euro at the end of Wednesday, after comments by Rishi Sunak acknowledging that the UK is likely to be in a ‘significant recession’, considering the impact of just a few days’ shut down…
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