US GDP data was released for the last quarter of 2018, showing a 2.6% annualised growth rate. This pales in comparison to 3.4% expansion for the July to September quarter and shows that the US economy is slowing,…
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In some slightly positive news for the Eurozone, German flash inflation came in above forecasts, at 1.6% compared to 1.4% the previous year. Nonetheless, the figure was still below the ECB’s target level, making this the third month…
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The pound began to come down from its 21-month high yesterday, possibly with an ‘exhaustion’ of new good news to keep it buoyed high following the end of the parliamentary debate. Meanwhile, UK consumer confidence figures came in…
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Sterling eased from its 21-month high yesterday, as investors took profits from the the strong run. Stronger-than-expected data came out of the Eurozone. German flash inflation edged up to 1.6%, from forecast 1.4%, although still below the ECB’s…
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The dollar again weakened against the pound as GBP strengthened with a no-deal Brexit looking increasingly likely. GBP/USD hit 1.328 this morning. However, warnings from US trade representative Robert Lighthizer on the progress of US-China trade deals did…
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The euro continued to weaken against the pound yesterday, with GBP/EUR hitting 1.171. A possibility of an extension to Article 50 in the UK strengthened the pound, while poor economic performance in the Eurozone didn’t help the euro.
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It’s been a good two days for the pound, hitting a high on Tuesday of 1.171. Despite a slightly downward drift this morning, it remains strong against the euro, at 1.168, as yesterday’s Parliamentary debate saw Yvette Cooper’s…
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The pound has rallied over the last two days, hitting a two-year high on Tuesday as a no-deal Brexit seems less likely. Yesterday’s debate in Parliament saw the Cooper amendment passed, essentially putting in stone the Prime Minister’s…
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