by Christopher Nye | Sep 9, 2019
Sterling is weak against the dollar and the euro this morning as Brexit developments continue to unfold. The government will table a second vote for an early general election today, but it is expected that they will not receive the backing needed to go ahead with...
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by Christopher Nye | Sep 9, 2019
The government is to table a second motion for an election in the House of Commons today – but opposition MPs warn that they will not support it until the bill to prevent no-deal receives royal assent. Meanwhile, whether even no-deal is off the table is uncertain, as...
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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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