by Christopher Nye | Oct 4, 2019
After a positive start to the day, sterling fell on Friday afternoon as Brexit deal optimism faded. After an initial uplift following the publication of a Brexit plan, the boost was short-lived as response from the EU was far from encouraging. Despite some saying the...
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by Christopher Nye | Oct 4, 2019
The pound faltered at the end of last week, and is low this morning as optimism for a Brexit deal fades. It was reported that the Prime Minister will ask for a Brexit extension if a deal isn’t reached by the 19th, however, Downing Street still say that they fully...
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by Christopher Nye | Oct 4, 2019
The dollar fell yesterday on poor non-manufacturing figures, which dropped 6.6 percentage points. Whilst the figure remains in expansion territory at 52.6, the fall marks a significant slow-down and was the lowest reading since August 2016. Combined with poor...
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by Christopher Nye | Oct 4, 2019
Euro is choppy this morning after a mixed day of economic releases, and as hopes of a Brexit deal strengthened sterling. Eurozone and German services and composite PMI both came in below expectations yesterday. Meanwhile, the ECB’s Luis de Guindos has raised the...
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by Christopher Nye | Oct 4, 2019
The pound strengthened to an eight-day high yesterday on hopes that a Brexit deal will be reached. This morning, it’s choppy against the euro and the dollar. Eurosceptic members in the Conservative Party have said that the latest Brexit plan could mean that...
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