by Christopher Nye | Oct 29, 2019
The euro is weak against the pound this morning, due to sterling’s strength on news of an upcoming election. Yesterday, data revealed that corporate lending in the Eurozone was beginning to slow. Bank lending to companies fell in September, with corporate loan...
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by Christopher Nye | Oct 29, 2019
The pound was up against the euro and the dollar yesterday, and is still strong today as Parliament approved a motion for an early general election. MPs voted for the election by 428 votes to 20, paving the way for the first December election since 1923. More than 100...
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by Christopher Nye | Oct 29, 2019
Yesterday evening, the House of Commons approved the Prime Ministers pledge for an early general election on December 12th. The pound rallied slightly as a result. Today, the bill will begin its passage through the House of Lords, who are expected to pass it. This...
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by Christopher Nye | Oct 29, 2019
The dollar ended the day down against the pound, as the latter was buoyed by a Brexit extension. The US’s goods trade deficit shrank to USD 70.4 billion, as imports declined 2.3 percent month-on-month. The S&P500 hit a record high, rising 0.6%, with Donald Trump...
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by Christopher Nye | Oct 29, 2019
The EU has agreed to a three-month so-called ‘flextension’ to Brexit, by which terms the UK can leave at any point before that date if a deal is agreed. This came despite French opposition to a longer extension, which was favoured by countries closely linked to the UK...
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