by Christopher Nye | Jul 1, 2019
With three weeks to go until the 160,000 members of the British Conservative Party choose our country’s Prime Minister, we can probably assume that a victory for Boris Johnson is “priced in”. In other words, the currency markets are already working on the assumption...
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by Christopher Nye | Jul 1, 2019
The dollar is strong this morning against a basket of currencies, as President Trump and President Xi Jinping have reached a trade war truce. Trump said he would hold back on new tariffs, whilst Xi agreed to China buying more farm products. Trump also agreed to review...
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by Christopher Nye | Jul 1, 2019
It’s been a mixed morning for the eurozone so far, with German manufacturing PMI exceeding expectations, but French and Italian figures coming in slightly lower than the markets had thought. German retail sales tomorrow will give us a further idea of the health of the...
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by Christopher Nye | Jul 1, 2019
The pound has started the week on a mixed footing, up against the euro and down against the dollar. Its volatility still stems from fears of a no-deal Brexit and uncertainty in Parliament. Jeremy Hunt, generally seen as a candidate for a softer approach to Brexit than...
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by Christopher Nye | Jul 1, 2019
Brexit fears are continuing to weigh on the pound, after Jeremy Hunt said Brexit would be ‘worth’ the risk to the economy. Today, he will outline his no-deal strategy, including cutting taxes and business rates. The US and China have reached a ‘truce’ on their trade...
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