by Christopher Nye | Aug 7, 2019
The euro is in a weak position against the pound and the dollar today. German Industrial Production data has been released this morning, down 1.5% in June compared to May. This figure is worse than the forecasted 0.6% drop, and could mean a dovish stance from the...
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by Christopher Nye | Aug 7, 2019
After a brief rebound yesterday, the pound is choppy this morning as no-deal Brexit fears continue. The government has accused the EU of ‘refusing to negotiate’ on Brexit. Cabinet Minister Michael Gove has said that he is “deeply saddened” that Brussels are apparently...
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by Christopher Nye | Aug 7, 2019
The pound’s uplift yesterday was short lived as no-deal Brexit worries continue to weigh on sterling. Michael Gove has said that the EU are refusing to re-negotiate the withdrawal deal, however, the EU say that they are still willing to hold talks and avoid a no-deal...
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by Christopher Nye | Aug 6, 2019
The dollar is mixed this morning, looking strong against the euro and weak against the pound. It’s under continued pressure as US-China trade relations intensify. The US Treasury Department has designated China as a currency manipulator. Following this determination,...
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by Christopher Nye | Aug 6, 2019
Following a strong day yesterday, the euro is weak against the pound and the dollar this morning. This is possibly due to a series of disappointing flash PMI data across the euro area, which came out yesterday. Services PMI came in at 53.2 in July 2019, little-changed...
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