by Christopher Nye | May 10, 2019
German trade surplus figures, released early this morning, showed that the surplus rose on a seasonally adjusted basis by €2 billion month-on-month, beating the forecast by €0.5 billion. Exports were also positive, surprising observers by not declining but actually...
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by Christopher Nye | May 10, 2019
Sterling dropped to a one-month low yesterday and continues on a weaker footing today, due to doubts that Brexit talks are making any progress. Mounting pressure on the Prime Minister to set a date for her resignation is also weighing on the pound. Theresa May has...
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by Christopher Nye | May 10, 2019
As the week comes to a close, focus for sterling turns to GDP results, which are due to come out at 9:40am. A poor result could have a negative effect on an already weak pound. Meanwhile, the Prime Minister has suggested that she may hold yet another round of...
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by Christopher Nye | May 9, 2019
Yesterday, the dollar was mostly flat against major currencies and it is weak this morning, as the markets await news on the US-China trade talks. Trump has said that China ‘broke the deal’ agreed with the US and that he wouldn’t back down on Friday’s tariff rise...
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by Christopher Nye | May 9, 2019
It’s a quiet week for the euro following publication of economic forecasts earlier this week, which expect growth at a moderate pace. The highest rates are forecast in Eastern Europe, with a slower pace in the UK, France and especially Germany. Attention is turning to...
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