by Christopher Nye | Sep 4, 2019
The dollar is weak against both the pound and the euro this morning, as the US ISM manufacturing figure fell into contraction territory for the first time in three years. The worse-than-expected reading came in at 49.1% for August. This has ended a 35-month period...
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by Christopher Nye | Sep 4, 2019
It’s been a good economic start to the day for the eurozone, with services and composite PMI figures for France and Germany showing a rise month-on-month. However, the euro is down against the sterling, as the latter benefits from hopes that no-deal might be off the...
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by Christopher Nye | Sep 4, 2019
After a weak day yesterday, the pound is looking strong against both the euro and the dollar this morning. This comes as the Commons voted 328 to 301 to take control of Parliament’s agenda, allowing them to put forward a bill to stop a no-deal Brexit later today. The...
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by Christopher Nye | Sep 4, 2019
Sterling is up against the euro this morning after MPs voted to take control of Parliament’s agenda today, in the hope of speeding through a bill to block the possibility of no-deal before prorogation. The debate will begin at 15:00 today, with two votes at 17:00 and...
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by Christopher Nye | Sep 4, 2019
The pound had an interesting day yesterday, to put it mildly, as it fell to below USD1.20 for the first time since 1985, and below EUR1.10 too. It recovered a little as the vote from Parliament came through, by which the Government not only lost its majority but also,...
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