by Alexander Fordham | Jun 26, 2019
The dollar strengthened yesterday and is still up against the pound this morning, following scheduled speeches from FOMC members. They took a ‘less dovish’ stance to interest rates than expected, however, a rate cut is still expected to be announced next month. In...
by Alexander Fordham | Jun 26, 2019
The euro is continuing to benefit from Brexit uncertainty keeping the pound low, as Boris Johnson said the 31st October deadline would be kept, ‘do or die, come what may’. German consumer confidence came in lower than expected, but, with Brexit pressure on the pound,...
by Alexander Fordham | Jun 26, 2019
The pound has weakened against both the dollar and the euro as the increasing possibility of a no-deal scenario continues to weigh. Latest developments in the Conservative leadership race have done no favours for sterling, with Boris Johnson and Jeremy Hunt divided on...
by Alexander Fordham | Jun 26, 2019
Fears about an increased likelihood of a no-deal Brexit are weighing on the pound this morning, following comments by Boris Johnson that the 31st October deadline is ‘do or die, come what may’. The euro is benefitting from this weakness, up against the pound despite...
by Chris Nye | Jun 26, 2019
The pound continues to trade at a rate some way off its early 2019 highs but some way above its 2016, 2017 and 2018 lows too. A poll in today’s Times found that 36% of the population believe that the claims that a no-deal Brexit would cause severe damage to the...
by Alexander Fordham | Jun 25, 2019
The dollar is weak this morning against both the pound and the euro, falling to a three-month low against the single currency. The prospect of monetary easing by the Federal Reserve still continues to weigh on the greenback. Scheduled speeches from influential FOMC...
by Alexander Fordham | Jun 25, 2019
The euro is down against the pound this morning, despite continued concerns in the UK about the possibility of a no-deal Brexit. Further political news will come later this week from the G20 summit. Meanwhile, the single currency is at a three-month high against the...
by Alexander Fordham | Jun 25, 2019
The pound is benefitting from the dollar’s weakness today, but continues to suffer against the euro as uncertainty continues. In an interview with the BBC yesterday, Boris Johnson stuck to his pledge to leave the EU on the 31st of October. However, he said that he did...
by Alexander Fordham | Jun 25, 2019
Sterling and euro are both benefitting from the weakness of the US dollar today, with the latter weakening on the prospect of monetary easing policies. The pound is showing an upward tick this morning against the euro, but it is still low due to pressure from worries...
by Alexander Fordham | Jun 24, 2019
The dollar remains in a weak position this morning, but has benefited from the pound’s drop. The greenback is still on the back-foot due to possible rate cuts. The dollar slipped to a two week low on Friday as expectations of a rate cut grew. Economic data did not...
