by Christopher Nye | Nov 1, 2019
GDP for the eurozone came in slightly above expectations, growing 0.2% in the third quarter of this year – the same pace as in the previous quarter. Despite coming in better than expected, this is still thought to be weak. Inflation figures dropped to 0.7% in...
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by Christopher Nye | Nov 1, 2019
The pound strengthened yesterday and is still strong this morning, benefitting from a weak dollar and the decreasing possibility of leaving the EU without a deal. The election bill was given royal assent yesterday, meaning that a general election will definitely take...
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by Christopher Nye | Nov 1, 2019
The pound is strong against both the dollar and the euro today, as the possibility of a no-deal Brexit is decreasing. The general election bill has now received Royal Assent, which means it will definitely go ahead on the 12th of December. Better-than-expected GDP...
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by Christopher Nye | Oct 31, 2019
The dollar is weak this morning as the Federal Reserve cut interest rates yesterday for the third time this year. As expected, rates were cut by 25 basis points due to trade and growth fears. In a speech, Jerome Powell said that “we see the current stance of...
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by Christopher Nye | Oct 31, 2019
The euro hovered near daily highs against the dollar yesterday, ahead of the Federal Reserve’s decision on interest rates. A series of economic data was released for the eurozone yesterday, painting a mixed but overall bleak picture of the European economy. Business...
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