by Christopher Nye | Aug 7, 2019
The pound’s uplift yesterday was short lived as no-deal Brexit worries continue to weigh on sterling. Michael Gove has said that the EU are refusing to re-negotiate the withdrawal deal, however, the EU say that they are still willing to hold talks and avoid a no-deal...
read more
by Christopher Nye | Aug 6, 2019
The dollar is mixed this morning, looking strong against the euro and weak against the pound. It’s under continued pressure as US-China trade relations intensify. The US Treasury Department has designated China as a currency manipulator. Following this determination,...
read more
by Christopher Nye | Aug 6, 2019
Following a strong day yesterday, the euro is weak against the pound and the dollar this morning. This is possibly due to a series of disappointing flash PMI data across the euro area, which came out yesterday. Services PMI came in at 53.2 in July 2019, little-changed...
read more
by Christopher Nye | Aug 6, 2019
Sterling is stronger against the euro and the dollar this morning, possibly benefitting from the weakness of the other two currencies. However, it’s clear that the pound is still vulnerable to Brexit fears. It was reported yesterday that after a meeting between Boris...
read more
by Christopher Nye | Aug 6, 2019
The pound fell to a new 23 month low against the euro overnight and a 31 month low against the dollar, however has recovered slightly this morning. Sterling still remains vulnerable to no-deal Brexit fears, especially as Prime Minister Johnson continues to ramp up the...
read more
