by Christopher Nye | Jul 25, 2019
After an uptick yesterday, the pound is looking weak against the dollar this morning and strong against the euro. This comes after Johnson’s seemingly ruthless sacking of ministers when appointing his new cabinet, which sent a strong message that Brexit will be...
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by Christopher Nye | Jul 25, 2019
Following an uptick yesterday, the pound is strong again this morning as Boris Johnson takes up office. Following a sweeping cabinet reshuffle, with Brexiteers appointed to most major posts, the markets have perhaps a mixture of worries over the possibility of a...
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by Christopher Nye | Jul 24, 2019
The dollar is looking choppy this morning against both the euro and the dollar. A series of flash PMI data will be released for the US today, ahead of GDP data on Friday. The greenback rose to a five week high against a basket of currencies yesterday, after President...
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by Christopher Nye | Jul 24, 2019
Euro is down against the pound this morning, as German manufacturing PMI figures came in two points below expectations – and at a worrying seven-year low. Likewise, EU manufacturing PMI came in one point below. With German figures at 43.1, well below the growth mark...
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by Christopher Nye | Jul 24, 2019
Yesterday, Boris Johnson was announced as our new Prime Minister. The pound had a brief uplift as a result, before falling back to a weak position against the dollar. Sterling is mixed this morning. Johnson is set to appoint senior cabinet figures this evening, who...
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