by Christopher Nye | Aug 28, 2019
The theme of the ECB’s Annual Conference, opened yesterday, will come as no surprise to regular readers: the importance of communications and expectations. The financial markets move constantly based not just on concrete data, but also forecasts and predictions....
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by Christopher Nye | Aug 28, 2019
The dollar is looking mixed against the euro and the pound this morning, as an inversion in US bond yields raised fears of an impending recession, especially as it’s a much larger movement than the dip two weeks ago. Concerns over the US-China trade dispute and its...
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by Christopher Nye | Aug 28, 2019
The euro is strong against the pound this morning, as German consumer confidence unexpectedly held steady at 9.7, despite negative GDP growth. Yesterday’s speech in Manchester from the ECB’s de Guindos also served to ‘soothe’ expectations for stimulus packages. He...
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by Christopher Nye | Aug 28, 2019
After a brief uplift yesterday, sterling is weak this morning against both the euro and the dollar. The pound rallied as opposition parties agreed on a plan to stop a no-deal Brexit. There was also suggestion that Boris Johnson had productive conversations with some...
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by Christopher Nye | Aug 28, 2019
The pound is down this morning amid uncertainty around Brexit. David Frost will meet officials in Brussels today to discuss solutions to the Irish border issue, after the G7 summit seemed to promise more willingness from France and Germany to make changes. Ireland’s...
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