by Christopher Nye | Dec 23, 2019
The pound finished the week in a strong position against the euro and the dollar after MPs voted to back the Prime Minister’s Withdrawal Bill, and sterling is still strong this morning. They voted 358 to 324, meaning that the bill received a majority of 124. MPs also...
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by Christopher Nye | Dec 23, 2019
At the end of last week, MPs backed the Prime Minister’s Withdrawal Bill with a majority of 124. They also passed a timetable to debate the bill further at the beginning of January. As the festive season is now in full swing, this week is light on data releases, but...
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by Christopher Nye | Dec 20, 2019
The dollar was little changed yesterday morning and benefitted from a weaker pound in the afternoon. Following strong data earlier in the week, the greenback brushed off reports that Philadelphia Fed’s business conditions index fell to 0.3 in December from 10.4 in...
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by Christopher Nye | Dec 20, 2019
The euro has recovered most of its election losses against the pound, as worries over the possibility of the UK leaving without a trade deal weigh on the pound. It has also been helped by encouraging data releases this morning, with Italian consumer and business...
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by Christopher Nye | Dec 20, 2019
Following a stronger start to the day, the pound weakened in the afternoon yesterday after the Bank of England’s monetary policy meeting. It’s choppy this morning ahead of the House of Commons debating and voting on Boris Johnson’s Withdrawal Bill. The...
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