The euro weakened against the pound yesterday as the ECB slashed growth forecasts from 1.7% to 1.1%, against a backdrop of poor economic performance in the single currency zone. The central bank also held off on rate hikes,…
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The US trade gap with the rest of the world has hit a 10 year high. This comes after Donald Trump imposed tariffs last year on foreign steel, aluminium and Chinese products in the belief that these import…
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Yesterday was quiet day for the euro, with most waiting for the headline ECB meeting in Frankfurt today. It seems unlikely that interest rates will be raised, and Mario Draghi will likely reach the end of his tenure…
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The highly anticipated talks between the EU’s Michel Barnier and Attorney General Geoffrey Cox, Brexit Secretary Stephen Barclay still show no signs of a breakthrough, prompting concern that the vote on the Prime Minister’s deal could be delayed.…
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The focus today is on the Eurozone after a relatively quiet period. The ECB is meeting today and is expected to cut forecasts for both growth and inflation, in a sign of the single currency zone’s slowing economy.…
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The pound weakened yesterday due to continued Brexit uncertainty, losing almost a cent against the US dollar and down almost half a euro cent. This initially came after Shadow Chancellor John McDonnell said that few Labour MP’s would…
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With no breakthrough emerging from the Brexit Secretary’s meeting with EU Chief Negotiator Barnier, and the Scottish and Welsh devolved governments voting on motions objecting to the withdrawal agreement, the pound weakened against the euro.
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The dollar made gains against both the pound and the euro yesterday, as better-than-expected service sector data was released. Non-manufacturing PMI grew from 56.7 to 59.7 in January, boosting on the dollar’s previous day gains and beating the…
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