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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by Christopher Nye | Sep 23, 2019
Sterling had a choppy day on Friday, starting off strong and then losing some ground against the dollar. It is still weak against the dollar this morning and stronger against the euro. Following a meeting with Brexit Secretary Stephen Barclay on Friday, the EU’s chief...
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by Christopher Nye | Sep 23, 2019
It was a choppy week for the pound last week, as Brexit sentiment moved from a seeming increasing chance of a no-deal into hopes, albeit slim, that progress is being made towards a deal. Sterling is strong against the euro at the start of what promises to be a very...
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