by Christopher Nye | Aug 2, 2019
The pound has had a weak start to the day after the Bank of England cut its growth forecasts yesterday. Although further plans are being announced to boost the economy after Brexit, including the creation of a number of free ports, it remains to be seen how concrete...
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by Christopher Nye | Aug 1, 2019
As expected, the Federal Reserve cut interest rates by 25 basis points yesterday. This was accompanied by ‘less dovish’ comments from Jerome Powell, who said that this is not the beginning of an easing cycle. He ensured that the cut is a preventative measure to...
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by Christopher Nye | Aug 1, 2019
The euro is weak against the dollar this morning, after hitting a two-year low yesterday, and choppy against the pound. This comes as the dollar strengthened due to a ‘less dovish’ Fed announcement yesterday. European GDP figures, released mid-morning yesterday,...
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by Christopher Nye | Aug 1, 2019
After a brief uptick yesterday, the pound has sunk to a 30 month low today. This is due to a stronger dollar and ongoing no-deal Brexit fears. The government have announced an extra £2.1 billion of funding for a no-deal Brexit, doubling their budget. This has...
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by Christopher Nye | Aug 1, 2019
The dollar is up against the pound and euro, after the Federal Reserve kept rate cuts within expectations and stated that it was not going to be the start of cycle of rate cuts. On-going no-deal fears around Brexit are continuing to weaken the pound, as the government...
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