May blames MPs

Theresa May came out swinging at Downing Street last night, blaming the Members of Parliament for delaying the UK leaving the UK. Following yet another momentous day in British politics, with the Cabinet effectively falling apart, it seems that May sided with her...


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Fed dovish, Trump hawkish; dollar takes the hit

It was an interesting day for the greenback, with the Federal Reserve’s interest rate decision and President Trump tweeting about extending the trade war against China. The Fed not only held rates steady, but indicated there would be no further interest rate increases...


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EU to decide on Article 50 extension

While the single currency gained a cent against the GBP yesterday it also strengthened against the USD, reaching a six-week high yesterday. Today we have the Euro area Consumer Confidence Flash, which is forecast to hold steady at 01%. But as usual it will be Brexit...


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Pound slips as long extension refused

The pound took a dive yesterday when it was announced that the EU was insisting on the Withdrawal Agreement being passed before a “short” extension could be considered. Although it fell around a cent against the euro, the fall did not continue after Theresa may...


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USD: Progress slows for US-China trade talks

Factory orders for US goods rose by only 0.1% in January, which was less than expected. This offers more evidence that US manufacturing activity, as well as the US economy in general, is slowing. Weakening economic data this month has supported the Fed’s stance to be...


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