by Christopher Nye | Jul 4, 2019
The pound is low this morning following some poor economic results, with composite PMI falling into contraction for the first time since 2016. Following on the back of a suggestion of a rate cut by Mark Carney yesterday, it’s not a positive start to the morning for...
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by Christopher Nye | Jul 3, 2019
The dollar has found some strength this morning against both the pound and the euro. It is benefitting from the pound’s weakness and has possibly also strengthened due to the IBD/TIPP Economic Optimism Index, which rose to 56.6 in July 2019 from 53.2 in June. This...
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by Christopher Nye | Jul 3, 2019
European leaders have nominated Christine Lagarde as the successor to Mario Draghi for the role of President of the European Central Bank. Stock dropped following the announcement, as, if confirmed again by leaders in a few weeks, her appointment would likely see a...
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by Christopher Nye | Jul 3, 2019
The pound is weak this morning against both the euro and the dollar. This is partly because of ongoing concerns about a no-deal Brexit, as well as poor economic data and a gloomy speech from the Bank of England Governor, Mark Carney. Sterling weakened against the...
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by Christopher Nye | Jul 3, 2019
EU leaders made two surprise announcements yesterday, nominating Ursula von der Leyen, the current German Defence Minister, as President of the European Commission, and Christine Lagarde, Managing Director of the IMF, as President of the European Central Bank. Both...
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