by Christopher Nye | Jul 2, 2019
Despite worries over a potentially contracting economy and a global slowdown, eurozone employment levels are on the up. Figures released yesterday showed unemployment to have declined to a low last seen in 2008, of just 7.5%. Although Spain, Portugal and Greece still...
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by Christopher Nye | Jul 2, 2019
The pound is weak against the euro and the dollar this morning, losing out to poor economic data and the increasing chance of a no-deal Brexit. Yesterday, Chancellor Philip Hammond warned the two leadership candidates, Boris Johnson and Jeremy Hunt, to “be honest”...
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by Christopher Nye | Jul 2, 2019
The pound is weak this morning as no-deal seems more likely, with both Johnson and Hunt stepping up their rhetoric around the possibility. Today, they are in Northern Ireland to continue to try to present their case to Conservative Party members. It’s been a positive...
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by Christopher Nye | Jul 1, 2019
With three weeks to go until the 160,000 members of the British Conservative Party choose our country’s Prime Minister, we can probably assume that a victory for Boris Johnson is “priced in”. In other words, the currency markets are already working on the assumption...
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by Christopher Nye | Jul 1, 2019
The dollar is strong this morning against a basket of currencies, as President Trump and President Xi Jinping have reached a trade war truce. Trump said he would hold back on new tariffs, whilst Xi agreed to China buying more farm products. Trump also agreed to review...
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