by Christopher Nye | Aug 21, 2019
Italy’s political crisis has deepened after Prime Minister Giuseppe Conte tendered his resignation to President Sergio Mattarella, rather than face a vote of no confidence from his coalition partner, Matteo Salvini. Salvini’s party, the Five-Star League, is currently...
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by Christopher Nye | Aug 21, 2019
Sterling is down against both the pound and the euro this morning ahead of Boris Johnson’s meeting with Angela Merkel. After Johnson requested a change to the Irish backstop yesterday, the European Commission said that his letter did not contain a “legally operational...
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by Christopher Nye | Aug 21, 2019
After a better performance against the euro yesterday afternoon, the pound is down again as Boris Johnson is due to meet Angela Merkel. The Prime Minister had previously said he would not engage in shuttle diplomacy, and officially much of the talks will be given over...
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by Christopher Nye | Aug 20, 2019
The dollar has had a relatively strong start against the pound today, benefitting from the latter’s weakness over Brexit uncertainty. Donald Trump called yesterday for the Federal Reserve base rate to ‘be reduced by at least 100 basis points, with perhaps some...
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by Christopher Nye | Aug 20, 2019
Germany’s Bundesbank’s monthly meeting didn’t make for particularly positive reading yesterday, stating that the EU’s largest economy will likely continue to contract. It pointed to a ‘downturn in industry’ largely due to falling demand from abroad and the return to...
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