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Increased Brexit uncertainty weakens sterling

The pound is still weaker against the euro and dollar this morning as Brexit uncertainty continues this week. Today, the government will present a new piece of legislation to Parliament that changes parts of the Withdrawal Bill in the event of a no-deal Brexit. The...


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USD: Dollar strong after Labour Day

After a poor week last week, the dollar strengthened over the weekend as was still strong yesterday. There were no data releases for the US yesterday, as it was Labour Day, and it’s a light week for data overall. However, results of the Consumer Price Index will be...


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EUR: German data released this morning

German Balance of Trade figures came in this morning, showing that Germany’s trade surplus declined in July year-on-year, as the coronavirus pandemic hit global demand. Month on month, imports and exports both increased, but not by as much as predicted. Later...


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GBP: Sterling weaker due to Brexit uncertainty

Sterling continues to weaken after Brexit tensions and the possibility of a ‘no-deal’ increased yesterday. Boris Johnson has said that if a deal isn’t reached by the 15th of October, the UK will leave the Brexit transition period without a deal. New legislation that...


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Pound weakens on possibility of ‘no-deal’

As we’ve seen in the past, the pound does not fare well when the possibility of a ‘no-deal’ Brexit increases. Prime Minister Johnson has said that a ‘no-deal’ will be implemented if a deal can’t be reached by the 15th of October, giving the UK and EU just over a month...


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