by Christopher Nye | Jul 10, 2019
Euro is up against a weakened pound this morning, as Brexit uncertainty continues to weigh it down. French industrial figures came in much better than forecast this morning, providing an unexpected boost, at 2.1% instead of 0.2%. Yesterday, Bunkhard Balz, member of...
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by Christopher Nye | Jul 10, 2019
The pound is heading for two-year lows this morning and was close to its lowest level since April 2017 yesterday. This comes due to expectations of a no-deal Brexit and poor retail data, reaffirming the woes of the UK high-street. Due to concerns about a worsening...
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by Christopher Nye | Jul 10, 2019
The pound is still around two-year lows, having hit its lowest level since April 2017 yesterday. Worries of a no-deal Brexit becoming more likely – and not assuaged by the BBC’s leadership debate – and poor retail data are keeping the pound low. Better-than-expected...
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by Christopher Nye | Jul 10, 2019
The pound took a fresh half-cent tumble yesterday, with economic news doing the damage for a change. Poor retail sales data reinforced the point made by Bank of England governor Mark Carney that an interest rate cut may be on the way. It won’t be long before we get...
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by Christopher Nye | Jul 9, 2019
The dollar remains strong against both the pound and the euro this morning, ahead of a series of speeches by Federal Reserve Chairman, Jerome Powell. After positive Non-Farm Payroll data last week, it is difficult to predict what he will say. However, the markets have...
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