Pound is strong despite Brexit and COVID – 19

Boris Johnson and the German chancellor spoke earlier about the proposals he had put forward to the EU - but the source said she made clear a deal based on them was "overwhelmingly unlikely". The European Union (EU) negotiators returned to Brussels after an intense round of departure talks, held in London, without any results [...]

Brexit optimism favors Pound

Markets are rising and the safe-haven dollar is down on hopes that President Trump may leave the hospital shortly.  President Donald Trump's doctors said on Sunday that President Donald Trump's  Commander-In-Chief is improving. But the Doctors not involved in Trump's treatment said they suspected his condition might be worse than Conley let on. As an [...]

The Brexit positive headlines support pound

The Brexit-positive headlines strengthen the pound whereas crucial departure talks in Brussels challenge it. European negotiators have indicated for the first time that they are prepared to start writing a joint legal text of a trade agreement with the UK before fresh talks begin today.'' The bloc not only shows readiness to alter the legal [...]

Less evidence of V-shaped recovery – Make UK/BDO survey

British manufacturers see little evidence of a 'V'-shaped recovery from the corona virus pandemic underway and many are planning to slash investment, a business survey showed on Monday. The Make UK industry association and accountants BDO said output and orders had improved from historic lows struck last quarter during the depths of the pandemic. But [...]