by Christopher Nye | Sep 5, 2019
After extending its rebound yesterday following Boris Johnson’s second Common’s defeat, the pound is down this morning against both the euro and the dollar. Yesterday, MPs passed legislation to stop a no-deal Brexit with 327 votes to 299. This bill forces the Prime...
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by Christopher Nye | Sep 5, 2019
Yesterday was a busy day in Parliament, as the House of Commons worked at speed to pass the bill against no-deal through to the House of Lords, where it is expected to be completed by 5pm on Friday. The Prime Minister’s call for an election has been rejected, although...
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by Christopher Nye | Sep 4, 2019
The dollar is weak against both the pound and the euro this morning, as the US ISM manufacturing figure fell into contraction territory for the first time in three years. The worse-than-expected reading came in at 49.1% for August. This has ended a 35-month period...
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by Christopher Nye | Sep 4, 2019
It’s been a good economic start to the day for the eurozone, with services and composite PMI figures for France and Germany showing a rise month-on-month. However, the euro is down against the sterling, as the latter benefits from hopes that no-deal might be off the...
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by Christopher Nye | Sep 4, 2019
After a weak day yesterday, the pound is looking strong against both the euro and the dollar this morning. This comes as the Commons voted 328 to 301 to take control of Parliament’s agenda, allowing them to put forward a bill to stop a no-deal Brexit later today. The...
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