Economic updates
06 Aug 2020
The Bank of England has downplayed previous predictions that the UK economy could quickly rebound from the coronavirus-caused recession, saying that GDP will not exceed pre-pandemic levels until the end of 2021. The monetary policy committee voted to…
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05 Aug 2020
Companies have urged ministers to rethink current measures to avoid mass unemployment, warning that they would not use schemes set out by the government to protect jobs. Only 43% of companies would be seeking Sunak’s £1,000 ‘bonus’ for each…
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04 Aug 2020
‘Spanish and Italian manufacturing activity picks up after virus hit’. Levels of Spanish manufacturing activity in July picked up by more than expected, an early indication that the nation may be starting to rebound. However, tourist visits were down…
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The next chapter, or a new story?
03 Aug 2020
The Dollar—which has plummeted nearly 10% since it hit highs in March, and almost 4% throughout July—has found some support at the back end of last week. Part of the reason might be that both EUR and GBP, which have each appreciated about 4% since…
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03 Aug 2020
With the White House struggling to reach a deal on a new fiscal stimulus package, millions of Americans are being left without vital safety net payments, which could risk both the domestic and the global coronavirus recovery...
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31 Jul 2020
US GDP came out showing a decline of 32.9% on the year, the deepest drop since World War Two ended. This comes as a hard hit to President Trump, who will find it difficult to campaign with these economic credentials...
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GBP/USD at three-month high, EUR/USD at almost two-year pinnacle
30 Jul 2020
The Pound hit a more than three-month high against the US Dollar on Thursday, hitting interbank levels of 1.3027. The shift marks the highest level for Cable since 10th March. Overnight, the Euro hit its highest levels versus the Greenback since…
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