The pound has dipped against the US dollar due to the news that Britain’s construction sector shrank in February. Fresh optimism concerning the US-China trade deal continues to serve the dollar well, as commentators speculated that a breakthrough…
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Euro gained a small amount of ground against sterling today, following better-than-expected economic data in from the Eurozone. Meanwhile, Margaritis Schinas has confirmed a further meeting in the Brexit negotiations, and the markets will be watching closely for…
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Yesterday saw the release of PMI data for UK construction, which has fallen for the first time in eleven months. It now reads at 49.5, falling under the 50 mark and therefore stepping into contraction territory. Brexit uncertainty…
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Brexit Secretary Stephen Barclay and Attorney General Geoffrey Cox are heading to Brussels today for talks with Michel Barnier and, although a press conference now seems unlikely, the markets will be watching carefully for any signs of developments.…
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Along with the UK and the Eurozone, the US factory sector has also slowed, as seen in two rival surveys. Manufacturing growth has reached the lowest level in two years and is much worse than what was expected…
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Despite some indicators coming in better than expected over the last week, the Eurozone economy is still not looking good. GDP and CPI are both underachieving compared to the ECB’s December Staff Projections – and we will likely…
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The pound continues to benefit from last week’s upswing, albeit slightly reduced from the highs of Wednesday. However, UK factories have been slashing jobs and stockpiling at a record rate, as manufacturing is hit by Brexit uncertainty. Markit’s…
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The pound is still benefiting from the upswing last week, although down from the highs of Tuesday and Wednesday, after Commons amendments meant that a no-deal Brexit seemed less likely. The US dollar weakened as Trump criticised Fed…
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