economic recovery
July 29, 2020
More and more Brits are moving to buy dollars due to weakness in the greenback coupled with fears over a plummeting pound.
The Dollar Index fell 0.5% on Monday, trading at levels we’ve not seen in over two years.
This sharp dollar sell-off is viewed by internationally-minded Brits as an opportunity to purchase dollars as they fear a steep plunge in the pound in the event of a no-deal Brexit – which is looking increasingly to be the case.
The dollar is being impacted by
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May 2, 2020
Over the next few weeks, we can expect financial markets to be driven considerably higher because of FOMO.
The Fear Of Missing Out.
This week global stocks registered significant gains, with the U.S. on Wednesday reporting total gains of 31% for the S&P 500 index since the market bottomed in March. The FTSE100 in London also closed at a seven-week high, mirroring upswings on European and Asia-Pacific indexes.
What we’re seeing now will likely become a strong recovery
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