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Sat 30 May 2020 10:36GMT

Usa News

Latest 10 news items tagged Usa

US-China Trade Tensions Weigh on Australian Dollar Published: 29 May at 4 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) struggled today after the Bank of England’s (BoE) policymaker, Michael Saunders, said that the ‘searing experience’ of the coronavirus pandemic would leave its mark on the British economy long after the lockdown was lifted. Mr Saunders commented: ‘If unchecked, there are risks of a vicious circle, whereby the economy gets stuck in a self-feeding loop of weak activity, pessimistic expectations and low investment.’ As a result, Sterling has suffered today from rising...
Euro Struggles as ECB Says Eurozone Economy Could Shrink by 12% This Year Published: 28 May at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) performed well against the Euro (EUR) and US Dollar (USD) after Downing Street announced its defence of Prime Minister Boris Johnson’s chief aide, Dominic Cummings, who broke lockdown regulations in April. As a result, Sterling reacted positively to an effective settling of the political controversy. Meanwhile, the Office for National Statistics (ONS) also announced that 24% of businesses currently on pause would restart next month. With growing hopes for the British economy, the...
Euro (EUR) Steadies After Four Days of Gains Published: 21 May at 5 PM 2020
<h2>Pound Sterling (GBP) Slumps on Speculation of BoE Rate Cuts</h2> Sterling (GBP) suffered losses on Thursday as a combination of disappointing economic data and the risk of the Bank of England (BoE) sending interest rates into negative territory. PMI data revealed the UK’s private sector was able to flatten out slightly in May after April’s dire contraction due to the coronavirus lockdown. Although yesterday’s disappointing inflation data sparked further speculation the BoE would cut rates below zero to support...
Italy’s Debt Crisis Weighs on Euro Published: 18 May at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) began to push higher today after UK Health Secretary Matt Hancock revealed that everyone over five – with Covid-19 symptoms was now eligible for a coronavirus test. Mr Hancock also added that 21,000 people had been hired to carry out contract tracing tests. As a result, Sterling benefited from what appears to be increasing steps to tackle the UK’s coronavirus crisis. However, the Bank of England’s (BoE) increasing talks of taking the interest rates down below zero have left...
Sterling (GBP) Falls as UK Refuses to Compromise on Brexit Published: 15 May at 1 PM 2020
<h2>Pound (GBP) Slides as PM Refuses to Compromise With EU Over Brexit</h2> Sterling (GBP) suffered losses on Friday as this week’s disappointing data due to the coronavirus crisis and Brexit fears weighed on the currency. Sentiment was left dampened after Boris Johnson’s government reiterated its refusal to extend the current Brexit transition period beyond December. Added to this, the government said it was not keen on compromising with the European Union on trade negotiations, which dragged GBP lower. According...
US Dollar (USD) Rises on Safe-Haven Demand as Global Trade Tensions Flare-Up Published: 14 May at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) remained subdued today as the UK’s economic outlook continues to dim as the coronavirus pandemic continues to hold back key sectors of the British economy. Today also saw news from the ONS that nearly half of UK firms could run out of money within the next six months. As a result, this sparked off further fears for the British economy as lockdown measures hold back many businesses from running at optimum capacity. <h3>Euro (EUR)</h3> The Euro (EUR) has continued to...
Euro (EUR) Suffers as Eurozone Factories Suffer ‘Breath-Taking’ Collapse Published: 5 May at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) struggled today after the latest UK Services PMI for April fell to record lows of 13.4. As a result, this left many Sterling traders for the health of the British economy going forward. Tim Moore, the Economics Director at IHS Markit, commented: ‘April's PMI data highlights that the downturn in the UK economy during the second quarter of 2020 will be far deeper and more widespread than anything seen in living memory.’ Meanwhile, the UK’s car sales plummeted to record lows not...
US Dollar (USD) Rises on Risk-Off Market Mood Published: 16 Apr at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) fell against many of its peers today after Downing Street said that the coronavirus had only strengthened the UK’s reason to be free of the European Union’s regulations after 2020. Consequently, Sterling fell due to the two-pronged attack on the British economy from the coronavirus and uncertainty over Brexit. The UK Government is also expected to announce a three-week extension to the nationwide lockdown, leaving many businesses nervous as the UK now faces several more weeks of...
Euro (EUR) Rises as Eurozone Nations Cautious Reopen Published: 15 Apr at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) put in a mixed performance today, with GBP rising against many of the risk-correlated currencies on hopes that the Government could conceded over pressures from Labour leader Keir Starmer to release plans to ease the lockdown, while it struggle against the Euro and the US Dollar. Sterling remains under pressure from growing concerns for the UK economy after the OBR suggested that the UK GDP could fall by -35% in the second quarter. Chancellor Rishi Sunak also said that he was...
Pound (GBP) Sinks as Boris Johnson Remains in Intensive Care Published: 7 Apr at 5 PM 2020
<h3>Pound (GBP) </h3> The Pound (GBP) struggled today following Prime Minister Boris Johnson’s admittance to hospital last night, which soon escalated to him being moved to intensive care. Consequently, Sterling investors became jittery as the PM’s health remained in balance, despite Downing Street’s assurance that his condition remains stable. With the UK’s figurehead temporarily absent, however, this left GBP struggling to make any significant gains against its peers today. <h3>Euro (EUR)...

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