by Christopher Nye | Feb 5, 2020
Sterling recovered slightly yesterday but is still under pressure as Boris Johnson suggested that we could end the Brexit transition period without a trade deal. Construction PMI for the UK was released yesterday morning, showing an improved reading of 48.4 from 44.4...
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by Christopher Nye | Feb 5, 2020
With yesterday a quiet day for economic releases, the pound was still choppy after Boris Johnson raised worries of the UK exiting the transition period without a trade deal – thereby defaulting to WTO terms, including tariffs. This morning, services PMI data from the...
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by Christopher Nye | Feb 5, 2020
The pound has been swinging up and down around 2% against both the US dollar and euro in recent days. The initial reason for it falling was the increasing talk around what would be essentially a no-deal trade deal between the UK and EU. Strictly speaking it would be...
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by Christopher Nye | Feb 4, 2020
The dollar was strong against a basket of currencies yesterday. A series of ISM manufacturing data showed positive results, reporting that US factory activity unexpectedly rebounded in January after contracting for five consecutive months. The first stage of the 2020...
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by Christopher Nye | Feb 4, 2020
The euro is up this morning against the pound after a speech yesterday by Boris Johnson said that the UK would return to WTO rules if not offered a ‘Canada-style’ agreement. Michel Barnier had previously said that the UK would only get a ‘highly ambitious’ trade deal...
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