by Christopher Nye | Nov 16, 2020
It could be a volatile week ahead for the pound as the EU summit is due to take place on Thursday. This marks the deadline for the EU and the UK to agree a Brexit trade deal, in order for it to be ratified before the end of the transition period. However, reports...
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by Christopher Nye | Nov 13, 2020
The dollar is slightly weaker this morning, however it’s thought that rising infection rates will keep it buoyant. The contrast between vaccine hopes and rising infection rates could continue to impact the dollar. Jobless claims figures for the US were released...
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by Christopher Nye | Nov 13, 2020
Data released yesterday shows that Eurozone industrial production dropped 6.8% year-on-year and 0.4% month-on-month, missing expectations of a 0.7% increase. The steepest monthly declines were in Italy, Ireland and Portugal, whilst the bloc’s largest economies,...
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by Christopher Nye | Nov 13, 2020
The pound weakened overnight but has found some support this morning against both the euro and the dollar. The departure of two hard-line Brexiteers, Dominic Cummings and Lee Cain, from Prime Minister Boris Johnson’s inner circle could suggest that the UK are...
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by Christopher Nye | Nov 13, 2020
The pound weakened against the euro and the dollar overnight but has found some support this morning. Brexit, COVID-19 and news about the UK economy continue to impact sterling’s movements. The EU summit will take place next week, which is the current deadline for the...
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