by Christopher Nye | Jun 13, 2019
The pound has weakened after the Commons rejected the chance to pass legislation to block a no-deal Brexit. The Labour Party, along with Tory rebels, put the motion to Parliament. However, this was rejected by 309 votes to 298. Opponents of no-deal are worried that...
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by Christopher Nye | Jun 13, 2019
The pound is choppy this morning, with the first ballot in the Conservative set to begin within half an hour. We have already seen a weakening in the sterling yesterday, after the Commons rejected a Labour motion against no-deal. However, no-one can predict what will...
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by Christopher Nye | Jun 12, 2019
The dollar is hovering at near 2 month lows this morning against a basket of currencies. The greenback is once again feeling the pressure from possible rate cuts, and is also low due to a sharp decline in long-term US treasury yields. The markets await the Federal...
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by Christopher Nye | Jun 12, 2019
In quiet week for economic releases, the budgetary dispute between Brussels and Rome continues. Giuseppe Conte, the Italian Prime Minister, said yesterday that he is ‘determined’ to avoid triggering the EU ‘disciplinary’ procedure for what it considers to be Italy’s...
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by Christopher Nye | Jun 12, 2019
A mixed morning for sterling, which is weak against the euro and stronger against the dollar. Its weakness is possibly due to further insistence from Boris Johnson that there will be no Brexit delay past the current deadline of the 31st of October. This once again...
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