by Christopher Nye | Nov 6, 2019
The pound drifted higher yesterday but stayed within recent ranges. Services PMI showed that the sector stagnated last month due to Brexit uncertainty. The figure came in above expectations and rose to 50 but signalled no change in service sector output and was among...
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by Christopher Nye | Nov 6, 2019
When going through a crisis it’s easy to think that the world revolves around you and you alone. So when yesterday the pound came within a whisker of its highest rate since last May you might have assumed that something interesting was happening in British...
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by Christopher Nye | Nov 5, 2019
The dollar strengthened yesterday on positive rhetoric surrounding the US-China trade war. U.S. Commerce Secretary Wilbur Ross said that U.S.-based companies would be issued with licenses to sell to Chinese tech giant Huawei “very shortly,” adding that the government...
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by Christopher Nye | Nov 5, 2019
The euro was strong against the pound yesterday, benefitting from sterling’s weakness. Yesterday evening, Christine Lagarde made her first official speech as President of the ECB, after taking over from Mario Draghi. She steered clear of commenting on monetary policy,...
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by Christopher Nye | Nov 5, 2019
Sterling slipped yesterday as the prospect of the upcoming general election and poor data weakened the pound. UK construction PMI showed that the sector shrank for the sixth month in a row in October. The figure came in as expected and reflected the uncertainty...
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