by Christopher Nye | Aug 29, 2019
Sterling fell across the board yesterday and is still at low levels this morning after the Queen agreed, as constitutionally expected, to Boris Johnson’s plan to suspend Parliament. Parliament will be closed for five weeks in September and October, however the...
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by Christopher Nye | Aug 29, 2019
Sterling is low after Boris Johnson announced plans to have Parliament suspended for five weeks from 10th September. The official reason is to have a Queen’s Speech to set out the government’s direction, but the timing has incited intense controversy from MPs as a...
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by Christopher Nye | Aug 28, 2019
The theme of the ECB’s Annual Conference, opened yesterday, will come as no surprise to regular readers: the importance of communications and expectations. The financial markets move constantly based not just on concrete data, but also forecasts and predictions....
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by Christopher Nye | Aug 28, 2019
The dollar is looking mixed against the euro and the pound this morning, as an inversion in US bond yields raised fears of an impending recession, especially as it’s a much larger movement than the dip two weeks ago. Concerns over the US-China trade dispute and its...
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by Christopher Nye | Aug 28, 2019
The euro is strong against the pound this morning, as German consumer confidence unexpectedly held steady at 9.7, despite negative GDP growth. Yesterday’s speech in Manchester from the ECB’s de Guindos also served to ‘soothe’ expectations for stimulus packages. He...
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