by Christopher Nye | Sep 16, 2019
It was a positive end to the week on Friday, as fresh data showed Eurozone wages to be growing at their fastest pace in a decade. However, much of the impact on the euro this week is likely to be led with Brexit, as the deadline comes ever closer and opposing factions...
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by Christopher Nye | Sep 16, 2019
Sterling climbed to its highest level since July versus the dollar on Friday, as optimism for a Brexit deal took hold. Firstly, there were reports that the DUP was prepared to allow Northern Ireland to retain certain EU laws after Brexit, possibly acting as a...
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by Christopher Nye | Sep 16, 2019
Muted optimism for a potential Brexit deal helped to strengthen the pound to its highest level since July at the end of last week, as reports emerged that the DUP might be more willing to compromise on border issues, and Angela Merkel told reporters that there was...
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by Christopher Nye | Sep 13, 2019
Euro saw a brief dip against the pound yesterday noon and is still weak today, as the ECB announced that it would cut rates by 10 basis points to -0.5%. Quantitative easing is expected to resume in November, albeit at a lower rate than expected, €20 billion rather...
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by Christopher Nye | Sep 13, 2019
The pound is stronger this morning on reports that the EU would be willing to grant the UK a Brexit extension. A leaked European draft resolution suggested that member states would back another extension to the Brexit deadline if there was a clear purpose, for example...
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