by Christopher Nye | May 2, 2019
Euro was trading higher yesterday on positive expectations for Eurozone PMI releases this morning, which have just come in even above expectations, at 47.9. German PMI, however, did fall just one point short of market forecasts. Today, much of the influence on the...
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by Christopher Nye | May 2, 2019
The pound remained strong yesterday and is still strong this morning after Prime Minister Theresa May said her plan to negotiate a customs arrangement was similar to that of the Labour Party, suggesting that progress has been made with cross-party Brexit talks. She...
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by Christopher Nye | May 2, 2019
The pound strengthened yesterday as Theresa May said that progress was being made in cross-party talks, stating that the Conservatives and Labour parties were not too far apart on plans for a customs arrangement. Meanwhile, positive PMI data from the Eurozone has kept...
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by Christopher Nye | May 1, 2019
The dollar was down against the pound and the euro yesterday, due to mixed U.S. data and caution ahead of a two-day Federal Reserve meeting, which pushed the dollar further away from a near two-year high. The greenback remains in a weak position this morning. No...
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by Christopher Nye | May 1, 2019
After a bleak start to the weak, the Eurozone saw some positive economic data releases yesterday. German annual inflation accelerated to 2.1% in April, faster than the European Central Bank’s target. Unemployment hit a 10-year low, falling from 7.8% in February to...
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