by Alexander Fordham | Dec 19, 2018
On what was a relatively quiet day, we saw the German Ifo business climate reading for December. It has been expected to dip to 101.8 from 102 the previous month, but it actually came in at 101. It is the fourth decline in a row and the lowest reading since September...
by Alexander Fordham | Dec 19, 2018
Donald Trump sent another Tweet yesterday that urged the Federal Reserve to resist hiking interest rates this time around. The former reality television star appears to be unhappy with the central bank’s ‘quantitative tightening’ programme, which is currently taking...
by Alexander Fordham | Dec 19, 2018
The supposed increased likelihood of a no-deal Brexit has encouraged ministers to ramp up their no-deal planning efforts, with some 3,500 troops on standby to help in the event of a crisis. Despite measures including chartering space on cross-channel shipping to...
by Alexander Fordham | Dec 19, 2018
Yesterday, cabinet ministers agreed that no-deal planning must be ramped up and implemented across government. Measures include reserving ferry spaces for supplies and putting 3,500 troops on standby to deal with any disruption. Downing Street confirmed that no-deal...
by Alexander Fordham | Dec 18, 2018
After Jeremy Corbyn threatened to table a no confidence vote in the prime minister if she did not set a date for the Brexit vote, the Prime Minister set a date for the Brexit vote. Speaking to the Commons, Theresa May confirmed that debate over the bill would commence...
by Alexander Fordham | Dec 18, 2018
Towards the end of yesterday afternoon, Theresa May confirmed that the Brexit deal vote will take place in the week beginning 14 January 2019. The UK Prime Minister delivered a statement to the Commons and said that she is fully aware that MPs are concerned about the...
by Alexander Fordham | Dec 18, 2018
The Senate report on Russian election interference has found that it is still ‘active and ongoing’. Accounts tied to the Internet Research Agency – which has been criminally charged with creating fake accounts to influence the 2016 presidential election in...
by Alexander Fordham | Dec 18, 2018
The main release from the eurozone on Monday morning was the inflation figures for November. The reading showed that annual inflation was revised lower to 1.9% last month from a preliminary estimate of 2% and down from 2.2% in October. It is the lowest rate of...
by Alexander Fordham | Dec 17, 2018
After recovering some ground on Wednesday and Thursday, the pound dropped back once more against the euro and dollar. The moves came following yet another Brexit blow to Theresa May’s hopes of getting her withdrawal agreement through Parliament. The meaningful vote...
by Alexander Fordham | Dec 17, 2018
As with the eurozone, the US released its services and manufacturing PMI for December on Friday. The composite reading dropped to 53.6 this month from 54.7 the previous month, although given any figure above 50.0 shows growth, the sectors are still performing rather...
