by Christopher Nye | Aug 2, 2019
The dollar weakened yesterday evening and this morning due to US-China trade developments. President Trump has said that he would ramp up tariffs on another $300 billion worth of goods at 10% from the 1st of September. This marks the end of the ‘truce’ that was agreed...
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by Christopher Nye | Aug 2, 2019
The euro is up against the pound this morning, after manufacturing figures came in better than expected yesterday. Today, the markets will be looking forward to retail figures, released at 10:00am, which are expected to show an increase month on month. The single...
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by Christopher Nye | Aug 2, 2019
The pound has recovered slightly today from its 30-month low, but is still in a weak position against the euro and the dollar. The Liberal Democrats won the Brecon and Radnorshire by-election, meaning that Boris Johnson is left with a majority of just 1 in the House...
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by Christopher Nye | Aug 2, 2019
The pound has had a weak start to the day after the Bank of England cut its growth forecasts yesterday. Although further plans are being announced to boost the economy after Brexit, including the creation of a number of free ports, it remains to be seen how concrete...
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by Christopher Nye | Aug 1, 2019
As expected, the Federal Reserve cut interest rates by 25 basis points yesterday. This was accompanied by ‘less dovish’ comments from Jerome Powell, who said that this is not the beginning of an easing cycle. He ensured that the cut is a preventative measure to...
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