Sterling has been buffeted from all sides this week - negative political sentiment and the general risk-off market sentiment prevailing due to the Coronavirus epidemic (at the time of publication, it had not yet been declared a pandemic). A TOUGH WEEK FOR GLOBAL STOCK MARKETS The past week has been a very difficult one for global equity markets as concerns about the impact of the coronavirus on the global economy continues to rise. On Thursday, Wall Street experienced its big

In focus: South Africa, Nigeria & Togo South Africa Finance Minister Tito Mboweni delivers latest budget this week. However most economists surveyed still expect Moody’s to downgrade the country to junk this year | Main concern surrounds the credibility of the plan to rein in government debt | Bailouts for state-owned companies including Eskom and SAA have further increased the debt concerns. Nigeria Nigeria’s economy expanded 2.27% in 2019, the most since 2015 as the centr

This week the UK economy enjoyed an unusually good run on the economic data front. Everything was positive from PMI data to Retail Sales figures and almost everything in between. But none of that managed to lift Sterling because the market is in risk-off mode, which tends to strengthen the US Dollar, Japanese Yen, Swiss Franc and Gold. And because currencies are traded in pairs, all other currencies appear weaker in comparison. In that scenario, Sterling's misfortune becomes