Last week Sterling manged to reclaim some of the losses of recent weeks as comments from various BoE officials helped taper concerns of the prospect of negative interest rates ahead of the economy preparing to reopen. Today, schools reopen their gates to a limited
Last week, Sterling remained resilient despite being under pressure. The topic of negative interest rates continues to dominate the market concerns for the UK. During a testimony to the Treasury Select Committee, Governor Bailey stated that the bank does not rule out any instrument
We saw the US Dollar strengthen across the board last week as a “risk off” tone took effect in global markets. The change in sentiment was driven by concerns surrounding the speed of economic rebound as well as the growing tensions between the US
Markets were focused on three key events last week, the Bank of England rate decision, PM Johnson’s statement regarding the lockdown, and from the US, the labour data figures. Looking further afield, key economic data across the major economies remained negative last week but
Last week was a calmer week in turns of economic data. Whilst economic readings remains to the downside, the market has been prepared to weather very weak near-term economic data, with the hope that the second half of the year bounces back as lockdown
Sterling saw a souring of sentiment last week as concerns over economic data and Brexit trade talks grew. Taking a look at the economic data, whilst weak readings were expected, reality actually saw figures fall below even that expectation, with PMI data from the
Last week, we continued to see the global cases of COVID-19 rise, however there are signs across several countries that the pace of increase is slowing. Several European countries including Austria, Denmark, Italy and Norway have already announced some easing, with Germany confirming that
COVID-19 results in global shutdown Our Quarterly Report provides context on the UK, US and Eurozone markets of last quarter and highlights what we believe will be the focus of each of these regions over the coming months. In this report we will focus
Reviewing the economic data from last week: European markets return after the Easter break with a sense of cautious optimism. Whilst the number of global Covid-19 cases topped 1.5 million there is a sense that the curve could be flattening, with China already easing
Data releases from around the world this week showed the growing impact of COVID-19 on economic output. March PMIs for many countries in Asia, Europe (including the UK) and North America pointed to big falls in both manufacturing and services activity. However, it should
