by Christopher Nye | Sep 15, 2020
The government’s win in the Commons last night was widely predicted, but is only the first parliamentary hurdle for the Bill, with amendments being added further down the legislative road. Sterling has not reacted significantly since the vote, weakening only slightly...
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by Christopher Nye | Sep 15, 2020
The Internal Markets Bill passed its first hurdle with a clear majority in the British parliament, making a no-trade-deal Brexit more likely. The UK’s covid testing services ground to a halt, with no tests available in any of the 10 worst affected regions of the UK....
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by Christopher Nye | Sep 14, 2020
The pound fell nearly 4% last week against the euro and we probably shouldn’t draw much comfort from this morning’s slight rise, caused by a small improvement in the stock exchange. It really could go either way in the coming weeks, surging upwards if there is a...
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by Christopher Nye | Sep 14, 2020
The dollar was in a weak position against the euro towards the end of last week but was stronger against the pound. Inflation data for the US was released on Friday. The figures showed that the cost of goods and services rose sharply in August for the third month in a...
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by Christopher Nye | Sep 14, 2020
The euro was strong against both the pound and the dollar at the end of last week, after the President of the European Central Bank, Christine Lagarde downplayed concerns over the rising value of the currency. Despite this, Chief Economist Philip Lane said on Friday...
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