Pound to Euro Forecast | Pound to Dollar Forecast | Euro to Dollar Forecast | Pound to Australian Dollar Forecast | Pound to New Zealand Dollar Forecast | Pound to Canadian Dollar Forecast
Two new cases of covid-19 reinfections have been reported on Tuesday, August 25, a development that could become increasingly important to global financial markets.
August 25,2020
The Dollar was sold heavily on Friday with losses escalating following better-than-expected core retail sales and upgrades to earlier estimates, though in the final session of the week it was Pound Sterling and the Japanese Yen which led the advance on the greenback.
August 14,2020
The Dollar remained in a metaphorical dog box Thursday amid a tentative effort at stabilisation after Department of Labor data showed the number of new unemployment claims tailing off further in August.
August 13,2020
The UK suffered the deepest recession of any advanced economy in the first half of 2020 as strict lockdown measures left large swathes of the economy unable to operate, however the reopening that culminated in the early July opening of the hospitality and leisure sector should make for a solid rebound.
August 12,2020
The Dollar extended its rebound against major and emerging market counterparts on Friday after official data showed America's labour market recovery continuing in the face of surging coronavirus infections last month, although global factors may matter as much for the currency's outlook.
August 10,2020
The number of Americans filing for unemployment benefits rose by its smallest amount since onset of the coronacrisis in March according to new data, although the figure remained above the 1 million mark.
August 6,2020
The Euro was in retreat from the Dollar Thursday after Germany's Destatis revealed a larger-than-expected second-quarter economic contraction amid deepening losses in European stock markets.
July 31,2020
House purchase mortgage approvals rose to 40.0K in June according to Bank of England data, which is a print that comes in above the consensus expectation for 35.0K while making for a significant recovery from the record low of 9.3K recorded in May.
July 29,2020
The Eurozone economic recovery remains on track according to latest Eurozone and Germany data which shows that while a sharp 'v-shaped' recovery might not be attainable, a 'tick-shaped' recovery is plausible.
July 27,2020
UK retail sales surged in June while IHS Markit PMI surveys suggested that manufacturing and services companies operating in the troubled UK economy pulled ahead of the Eurozone rivals in July, although economists have cautioned that the retail data likely overstates the broader economic recovery.
July 24,2020
The Euro exchange rate complex was broadly lower on Tuesday in the wake of news EU leaders had agreed a new €1.8TN spending agreement, that includes a €750BN coronavirus rescue package which will largely be funded by the issuance of EU bonds.
July 21,2020
U.S. labour markets continued to haemorrhage jobs last week, leaving a question mark lingering over an economic recovery that was bolstered in June by rising retail spending and a recovery in confidence among home builders, data showed on Thursday.
July 16,2020
The UK unemployment figure for May came in better than expected, with the ONS reporting 125K jobs had been lost in the three months to May against market expectations for a figure of 234K to be reported.
July 16,2020
Pharmaceutical company Biocon have announced one of their drugs used to fight psoriasis has been approved to fight moderate to severe covid-19 infections in patients.
July 15,2020
Following the release of inflation data there was a tick higher in the value of Sterling which had been recover the ground it lost over the course of the first two days of this week.
July 15,2020
The UK economy grew 1.8% in May according to the Office for National Statistics, which is a negative surprise for a market that was expecting growth of 5.5% to be reported.
July 14,2020
The UK economy could be about to enter a period of deflation, according to analysis from independent economics research and consultancy firm Capital Economics.
July 13,2020
The Dollar remained on the back foot Thursday, taking the Dollar Index below a key level of technical support on the charts even after official data suggested the still tentative U.S. labour market recovery endured in the face of a second wave of coronavirus infections that's sweeping the country.
July 9,2020
Economists and financial analysts are reacting to the Government's Summer Economic Update, saying that while the targeted nature of today's interventions in the economy will be welcomed not enough new spending has been announced to trigger a v-shaped recovery.
July 8,2020
The rush to inject money into the economy by central banks and governments will have prevented thousands of companies in the UK and globally from going bankrupt, but the support packages risk propping up so-called zombie companies that will ultimately blunt the economic recovery.
July 8,2020
Page 5 of 6