by Christopher Nye | Sep 20, 2019
The pound is in a stronger position this morning, as Jean-Claude Juncker, President of the European Commission, has said that a deal could be reached before the Brexit deadline. He told reporters that he has “no emotional relationship” with the backstop,...
read more
by Christopher Nye | Sep 20, 2019
Jean-Claude Juncker has said that a Brexit deal could be reached before the October 31st deadline. This positive rhetoric caused the pound to strengthen yesterday evening, and it is still strong this morning. The Bank of England decided, as expected, to keep rates at...
read more
by Christopher Nye | Sep 19, 2019
As widely expected, the Federal Reserve cut interest rates for the second time since late July yesterday, announcing a cut by 25 basis points. In a press conference, Fed Chairman Jerome Powell said that the US economy is looking strong with low unemployment, but...
read more
by Christopher Nye | Sep 19, 2019
Euro is strong against the pound today, as the latter comes under pressure after poor inflation figures. The new sitting of the European Parliament has ‘reaffirmed’ its ‘wholehearted support’ for the EU’s position during Brexit, saying that the UK would be ‘solely...
read more
by Christopher Nye | Sep 19, 2019
The pound weakened yesterday on worse-than-expected inflation data. Falling below target for the first time in 5 months, the figure came in at 1.7%, missing the prediction of 1.9%. It was pushed lower by computer game and clothing prices rising less than the previous...
read more
