Thursday 13th August 2020

Sterling remains over $1.30 even after record drop in GDP

UK economy shrank by 20.4% between April and June

Amir Mehrad
Market update by Amir Mehrad | 13/08/2020
Past Updates

Britain’s economy shrinks by 20.4% in Q2

Pound largely unmoved, however this is the highest reported number from any economy so far

Market update by Amir Mehrad | 12/08/2020
Past Updates

Dollar fights back, hopes of a Democrat-Republican agreement on U.S stimulus plan

EURUSD off recent highs to 1.1750 as a result

Market update by Harry Wills | 11/08/2020
Past Updates

USD rally fades as virus aid talks fail

US payroll numbers surprised to the upside moving the dollar higher initially

Market update by Amir Mehrad | 10/08/2020
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Sterling rallies in wake of BoE statement but risks attached

A new high of 1.32 against the dollar was made however this has since retraced

Market update by Harry Wills | 07/08/2020
Past Updates

Bank of England warns of slower recovery

Q4 2021 is the expected timeline to get back up to pre Covid levels

Market update by Amir Mehrad | 06/08/2020
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Dollar weaker as latest US coronavirus relief package talks stall in Congress

EURUSD pushes back over 1.18 as a result

Market update by Jas Bhachu | 05/08/2020
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Pound holds onto gains…for now

GBPUSD continues above 1.30 and consolidating against the euro at 1.11

Market update by Harry Wills | 04/08/2020
Past Updates

Sterling ends July up over 6% against the dollar 

Largely attributed to dollar weakness

Market update by Amir Mehrad | 03/08/2020
Past Updates

Fed commits full power and tolls to support struggling US economy

Interest rates to stay low and full tolls to be used to support economy

Market update by Amir Mehrad | 30/07/2020