Pound up as UK ramps up Brexit negotiations

The pound is up this morning after the UK government pledged to ramp up efforts to secure a deal with the EU, with negotiators now meeting twice a week with their counterparts from Michel Barnier’s team. Today is a relatively busy day for economic releases for the...


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USD: Dollar awaits US GDP data

The dollar is looking strong this morning, benefitting from a weak pound. US-China trade tensions continue, as the US Trade Representative’s office reaffirmed President Trump’s decision to add an additional 5% tariff on $300 billion worth of Chinese imports, staring...


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EUR: Italian quarterly growth expected to hit 0%

It’s a choppy start to the day for the euro, as the single currency benefits from the pound’s weakness, but fears over the Italian economy continue to weigh. Italian economic indicators will be released mid-morning, with Italian quarterly GDP growth expected to hit...


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Parliament to be prorogued from 10th September

Sterling is low after Boris Johnson announced plans to have Parliament suspended for five weeks from 10th September. The official reason is to have a Queen’s Speech to set out the government’s direction, but the timing has incited intense controversy from MPs as a...


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