by Christopher Nye | Aug 23, 2019
The European Central Bank’s monthly meeting notes show policymakers to be discussing further stimulus options, including a package of rate cuts, asset purchases, partial relief for banks from negative interest and changes to a ‘symmetrical’ rate guidance. Concerns...
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by Christopher Nye | Aug 23, 2019
After a brief uplift, the pound is weak this morning against both the euro and the dollar. The pound surged yesterday due to Chancellor Merkel’s suggestion that the backstop can be renegotiated. Following on from her comments during a meeting with Boris Johnson on...
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by Christopher Nye | Aug 23, 2019
The pound saw a brief uptick yesterday after Emmanuel Macron agreed to Angela Merkel’s suggestion to consider any alternative solutions to the Irish border backstop issue that are presented within the next thirty days. The ECB’s meeting largely centred on concerns...
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by Christopher Nye | Aug 22, 2019
The dollar rallied yesterday, however it has dropped against the euro and dollar this morning. Its previous strength was due to the release of the FOMC July meeting minutes last night, which were ‘less dovish’ than expected. They revealed that Fed officials view the...
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by Christopher Nye | Aug 22, 2019
Italy is gearing up for a potential snap election after Prime Minister Giuseppe Conte tendered his resignation on Tuesday. Matteo Salvini is seeking support within the Senate to form a government, but is generally acknowledged to be hoping instead for an election, if...
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