by Christopher Nye | Sep 24, 2019
The Supreme Court’s verdict on the prorogation of Parliament is due to be released at 10:30am this morning. A ruling against the government may weigh on the pound, due to increased uncertainty. Alternatively, if the judges decide that Parliament should be recalled,...
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by Christopher Nye | Sep 24, 2019
The pound is choppy as the Supreme Court is set to announce its decision on Parliament’s prorogation at 10:30 this morning. Sterling was already under pressure yesterday after Michel Barnier said it was ‘difficult to see’ how a deal could be reached soon. European...
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by Christopher Nye | Sep 23, 2019
The pound was boosted last week when Jean-Claude Juncker the EU president said he didn’t have an “erotic relationship” with the Irish backstop and that a deal could be found. Really, he is the gift that keeps on giving. If finding a deal is about personal chemistry...
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by Christopher Nye | Sep 23, 2019
The dollar finished the end of last week on a strong note, due to hopes of progress in US-China trade talks. The US made the decision that some Chinese goods would be exempt of tariffs, signalling a positive step forward. New York Fed President John Williams, St Louis...
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by Christopher Nye | Sep 23, 2019
German manufacturing PMI fell to 41.4 in September, down from 43.5 in the previous month and missing expectations of 44. This is the ninth consecutive month of contraction in factory activity and has caused the euro to fall against both the pound and the dollar....
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