by Christopher Nye | Jul 8, 2019
The pound is weak this morning after sinking to a six-month low on Friday. Its drop was due to a series of weak PMI data, which suggested that the economy may have contracted in the second quarter. The rising expectation of an interest rate cut and the strength of the...
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by Christopher Nye | Jul 8, 2019
The pound hit a six-month low on Friday, pushed down by data suggesting that the economy had contracted. Worries continue over no-deal, with fears raised that neither Boris Johnson nor Jeremy Hunt really has a workable plan. The euro is up this morning after more...
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by Christopher Nye | Jul 8, 2019
Back in more normal times the press used to struggle for stories in the “silly season” from mid-July to September. This has been less of a problem in recent years. With a new Prime Minister taking over on the 24th July, the first day of the school holidays, hopefully...
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by Christopher Nye | Jul 5, 2019
The dollar is showing strength ahead of non-farm payrolls, which will be released at 1:30pm today. This data could have a bearing on whether the Federal Reserve decide to cut interest rates at the end of this month, and by how much. They are currently expected to cut...
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by Christopher Nye | Jul 5, 2019
Poor economic data from Germany earlier this morning has helped to push the euro down against sterling. German factory orders came in at -2.2%, quite a way below the expected -0.1%. Eurozone retail sales yesterday also showed worse-than-expected results for...
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