by Christopher Nye | Jan 31, 2020
Sterling strengthened against both the euro and the dollar yesterday, and is still strong today as the Bank of England voted to keep interest rates on hold at 0.75%. The result was 7 to 2, with officials Michael Saunders and Jonathan Haskel again voting to cut rates....
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by Charles Purdy | Jan 31, 2020
The UK is set to leave the European Union at 11pm today, after four years of protracted negotiations. The pound is currently up against the euro, but there’s plenty of uncertainty ahead. The British government has a deadline of 31st December to complete its trade...
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by Christopher Nye | Jan 30, 2020
The dollar remained strong yesterday as investors continued to turn to safe haven currencies amid the coronavirus outbreak. Hundreds of foreign nationals are being evacuated from Wuhan as more deaths and cases are confirmed. The Federal Reserve concluded their FOMC...
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by Christopher Nye | Jan 30, 2020
The European Parliament has approved the Brexit Withdrawal Agreement, with a special ceremony to begin the ‘farewells’ held last night. Ursula von der Leyen said that the ratification is ‘only a first step’ towards the final relationship, which will need much work,...
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by Christopher Nye | Jan 30, 2020
The pound was near one-week lows against the dollar yesterday and was choppy against the euro ahead of the Bank of England’s interest rate decision, which is due to be announced at midday today. Dovish statements by policymakers and low inflation boosted speculation...
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