by Christopher Nye | Sep 9, 2019
You might think it’s possible to track the success of the government’s Brexit strategy via the currency markets. Indeed, most of us when seeing a sudden shift in the pound’s value immediately assume it is Brexit related – usually rightly. But there are still other...
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by Christopher Nye | Sep 6, 2019
The dollar is looking mixed this morning ahead of the release of non-farm payroll data, which is expected to rise by 158,000. However, wage growth is expected to fall from 3.2% to 3.1%. Jerome Powell will have the opportunity to respond to these figures in a speech...
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by Christopher Nye | Sep 6, 2019
Euro is benefitting from the pound’s weakness, despite relatively poor forecasts for eurozone GDP growth and employment data, due mid-morning. German industrial figures also came in 0.9% below forecasts, meaning they are still in negative territory from last month. It...
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by Christopher Nye | Sep 6, 2019
The pound is looking weak against the euro and the dollar this morning, but is broadly holding its strength due to the fact that a no-deal Brexit is looking less likely. Yesterday, Boris Johnson refused to say whether he would resign if Brexit is postponed and said...
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by Christopher Nye | Sep 6, 2019
The bill to prevent a no-deal Brexit is continuing to pass apace through Parliament, and the House of Lords are expected to pass it through by 5pm. Nonetheless, the pound is down somewhat against the euro, with an election widely expected in the coming weeks or months...
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