by Christopher Nye | Sep 3, 2019
The dollar is strong against the pound and the euro this morning, benefitting from sterling’s weakness. Today, we’ll see the release of manufacturing PMI data for the US. Should the figure drop below 50, we could see a market reaction. These figures are considered...
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by Christopher Nye | Sep 3, 2019
Euro is up against the pound this morning, benefitting from downward pressure on sterling after Boris Johnson said an election may be on the cards. Meanwhile, the EU is considering using its solidarity fund, usually used for natural disasters, to help EU members with...
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by Christopher Nye | Sep 3, 2019
Talk of a general election and a possible Brexit extension has brought the pound to 34 year lows against the dollar, if the 2016 ‘flash crash’ is excluded. If MPs succeed in passing legislation through to block no-deal, it is thought that Boris Johnson could seek the...
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by Christopher Nye | Sep 3, 2019
The pound is under a lot of downward pressure this morning as Parliament resumes. Labour MPs and Tory rebels will put forward a bill today designed to stop a no-deal Brexit, but it will be a tight margin either way. Meanwhile, Boris Johnson insisted last night that...
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by Christopher Nye | Sep 2, 2019
Looking at the currency graphs over the past few years it’s easy to see when the school summer holidays occur because it’s precisely the point when the pound dips sharply. Not that correlation necessarily implies causation, of course. The falling pound in...
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