by Christopher Nye | Aug 9, 2019
Sterling is in a weak position this morning as the possibility of a no-deal Brexit continues to weigh. UK GDP and production data will be released today. GDP is expected to come in at 1.2% annually, compared to a previous 1.5%. Industrial production, manufacturing...
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by Christopher Nye | Aug 9, 2019
The pound awaits the release of GDP and production data for the UK. A poor GDP figure could have an effect on sterling, although its weakness is still due to the increasing possibility of a no-deal Brexit. Italy’s political tensions have escalated, as Deputy Prime...
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by Christopher Nye | Aug 8, 2019
The dollar is weak this morning, as the rhetoric around the US-China trade war continues to worsen. China have set the official reference rate to 7.0039 yuan per dollar today, the weakest level since April 2008. A weaker yuan now makes Chinese exports more attractive,...
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by Christopher Nye | Aug 8, 2019
It’s a mixed morning for the euro, which is showing strength against the dollar and weakness against the pound. This came ahead of the ECB’s economic bulletin, which has been released this morning. It is thought that if the bulletin spooks the markets with reports of...
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by Christopher Nye | Aug 8, 2019
The pound is up against both the dollar and the euro this morning, still showing signs of volatility. It is thought that this uplift will be brief due to ongoing no-deal Brexit worries. Sterling was stuck at near two year lows yesterday, matching a two year low...
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