by Christopher Nye | Sep 13, 2019
Euro saw a brief dip against the pound yesterday noon and is still weak today, as the ECB announced that it would cut rates by 10 basis points to -0.5%. Quantitative easing is expected to resume in November, albeit at a lower rate than expected, €20 billion rather...
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by Christopher Nye | Sep 13, 2019
The pound is stronger this morning on reports that the EU would be willing to grant the UK a Brexit extension. A leaked European draft resolution suggested that member states would back another extension to the Brexit deadline if there was a clear purpose, for example...
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by Christopher Nye | Sep 13, 2019
The dollar was in a weaker position yesterday and is still low this morning, as a report surfaced suggesting that the US is preparing to make a limited, or ‘interim’, trade agreement with China. The agreement would involve delaying and removing some China tariffs....
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by Christopher Nye | Sep 13, 2019
The ECB announced a 10-basis-point rate cut at its meeting yesterday, as well as a return to quantitative easing from 1st of November. Further cuts in the future haven’t been ruled out, with the Governing Council saying rates would be stable or lower until inflation...
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by Christopher Nye | Sep 12, 2019
The Court of Sessions in Edinburgh ruled yesterday that Boris Johnson’s advice to the Queen to suspend Parliament was illegal, stating that the prorogation was ‘unlawful and is thus null and of no effect.’ Thus far, No 10 has said that Parliament will not return until...
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