It was a busy day yesterday, started off by poor German GDP data, showing growth had slowed to zero and pushing the euro down against the pound. Meanwhile, the EU General Affairs Council has approved its mandate for…
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The pound strengthened yesterday due the markets stabilising after coronavirus fears and a weak European economy. Sterling was initially given a lift against both the dollar and the euro, however, it is weaker this morning.
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The European Union’s trade talks mandate has been agreed by the General Affairs Council, with a heavy emphasis on regulatory alignment. However, the markets were perhaps more sensitive to yesterday’s poor GDP data from Germany. With the Eurozone’s…
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The dollar strengthened against a basket of currencies yesterday, as coronavirus fears rose. The number of cases in Italy, South Korea and Iran have increased, and the World Health Organisation have said that the world should do more…
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Euro found a last-minute boost at the end of last week and has continued upwards with a boost yesterday morning from unexpectedly positive German business climate figures. According to the Ifo release, expectations have continued to rise, despite…
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The pound weakened against both the euro and the dollar yesterday. It’s fall against the greenback was due to increased COVID-19 fears, which caused investors to turn to safe-haven currencies. Ongoing worries about trade negotiations with the EU…
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The pound ended yesterday down against the euro and dollar. The former was boosted by unexpectedly positive figures out of Germany, despite coronavirus fears in Italy. Sterling is slightly stronger against the euro this morning, however, as German GDP…
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After a particularly strong week last week, the dollar finished Friday on a weaker note after poor PMI data. The data showed that both manufacturing and services industries stalled in February, largely due to increasing concerns over the…
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