The dollar is down against the pound this morning, after figures showed the US economy contracted by almost 5%, reaching a 12-year low not seen since the financial crisis. The euro has made slight gains against the pound,…
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Listening to the Greek Tourism Minister on the radio this morning, it’s clear that southern Europe is determined to save its summer season. When tourism accounts for 18% of your GDP, and you’ve only just begun to recover…
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UK retail sales hit a record low yesterday, according to data from the CBI, which showed it to be equivalent to 2008’s levels. Although this is not good news for the pound, it still ended yesterday slightly up…
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The dollar is up against the pound this morning, after a brief drop yesterday. It comes despite a day of relatively poor data releases, with increasing expectations of American’s economy ‘reopening’ despite controversy over safety issues.
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Euro is down this morning against the pound, with the markets expecting further drops in industrial, services, business and consumer confidence data from the Eurozone later this morning. Spanish business confidence is also expected to show a dramatic…
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The pound is drifting within a relatively narrow range against the euro, with the uncertainty over when and in what form lockdown easing will take place in the UK. Further downward pressure was exerted yesterday by retail sales…
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It’s been a choppy start to the week for the pound, with warnings over a three-year economic downturn on the one hand, and the reiteration of the need to avoid ‘impatience’ over lockdown from Boris Johnson as he…
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The dollar dipped against the pound yesterday, under pressure as worries that the US’ efforts to control coronavirus may not be enough. The Dallas Fed Manufacturing Index showed a steep decline in activity, although just shy of market…
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