by Christopher Nye | Sep 4, 2019
Sterling is up against the euro this morning after MPs voted to take control of Parliament’s agenda today, in the hope of speeding through a bill to block the possibility of no-deal before prorogation. The debate will begin at 15:00 today, with two votes at 17:00 and...
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by Christopher Nye | Sep 4, 2019
The pound had an interesting day yesterday, to put it mildly, as it fell to below USD1.20 for the first time since 1985, and below EUR1.10 too. It recovered a little as the vote from Parliament came through, by which the Government not only lost its majority but also,...
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by Christopher Nye | Sep 3, 2019
The dollar is strong against the pound and the euro this morning, benefitting from sterling’s weakness. Today, we’ll see the release of manufacturing PMI data for the US. Should the figure drop below 50, we could see a market reaction. These figures are considered...
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by Christopher Nye | Sep 3, 2019
Euro is up against the pound this morning, benefitting from downward pressure on sterling after Boris Johnson said an election may be on the cards. Meanwhile, the EU is considering using its solidarity fund, usually used for natural disasters, to help EU members with...
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by Christopher Nye | Sep 3, 2019
Talk of a general election and a possible Brexit extension has brought the pound to 34 year lows against the dollar, if the 2016 ‘flash crash’ is excluded. If MPs succeed in passing legislation through to block no-deal, it is thought that Boris Johnson could seek the...
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