by Christopher Nye | Jan 10, 2020
The pound fell against both the euro and the dollar yesterday after Governor of the Bank of England, Mark Carney, delivered a downbeat speech on the state of the economy. Carney said that there would be a “relatively prompt response” if it looked as though the economy...
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by Christopher Nye | Jan 10, 2020
British consumers have cut back on their spending despite the Christmas period, figures released yesterday showed. The pound drifted downward on the news, hitting a two-week low against the dollar, although it has now moved back upward. Data from the eurozone was more...
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by Christopher Nye | Jan 9, 2020
The dollar was strong yesterday as fear of further retaliation from Iran waned. After striking a US air base in response to the US missile strike which killed their top general, Iran said that their response was “proportionate” and indicated that there would be no...
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by Christopher Nye | Jan 9, 2020
Ursula von der Leyen and Boris Johnson met in Downing Street yesterday for preliminary talks on Brexit – official trade talks cannot begin until the UK has left the EU, and are unlikely to start before March. Von der Leyen told the press today that a comprehensive...
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by Christopher Nye | Jan 9, 2020
Sterling was mostly flat yesterday, but is choppy against both the euro and the dollar this morning. MPs continued to debate the Withdrawal Agreement and voted down three amendments – the Lucas amendment, the Dubs amendment (tabled by Labour), and the DUP amendment....
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