by Christopher Nye | Jul 30, 2019
The pound remains weak this morning after tumbling to a 28-month low against the dollar yesterday, amid growing speculation that the UK is heading for a no-deal Brexit. Rhetoric to support this included comments from Michael Gove, who said the government are now...
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by Christopher Nye | Jul 30, 2019
The pound hit a 28-month low against the euro yesterday, as a no-deal Brexit seems more and more likely. Michael Gove said at the weekend that the government was working ‘on the assumption’ that the UK will be leaving without a deal. Boris Johnson’s tour around the...
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by Christopher Nye | Jul 29, 2019
The pound enjoyed what you might call a pico-bounce after Boris Johnson became Prime Minister last week – a “pico” being a thousand times smaller than a nano. But at least it was a bounce, and congratulations if you managed to lock in a forward...
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by Christopher Nye | Jul 29, 2019
The dollar is strong across the board this morning, due to better-than-expected GDP data last week. Markets are also looking ahead to the Federal Reserve interest rate decision on Wednesday. GDP data for the second quarter of 2019 was released on Friday, showing a...
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by Christopher Nye | Jul 29, 2019
The euro is up against the pound this morning, after comments from the UK government about the probability of a no-deal Brexit weakened the latter. The EU says that it’s not willing to reopen the issue of the Irish backstop, so any progress from both sides is, at the...
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