by Christopher Nye | Mar 19, 2019
The NAHB Housing Market Index was slightly lower than expected, but this was a quiet start to the week. The greenback recovered early losses against the EUR as soon as news of Speaker Bercow’s intervention broke and the single currency was reined in alongside the GBP....
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by Christopher Nye | Mar 19, 2019
The pound weakened half a cent through the day against both the USD and EUR as the Withdrawal Agreement seemed increasingly certain to fail. But it didn’t get the chance. While it dropped even further after news broke that the Speaker of the House of Commons was...
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by Christopher Nye | Mar 19, 2019
The only economic data of note yesterday was Eurozone balance of trade, which came in as forecast, and some comments from European Central Bank members. The EUR/USD rate hit a two-week high, before the single currency was dragged down again by Brexit. While the GBP’s...
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by Christopher Nye | Mar 19, 2019
Just when we thought Brexit couldn’t get more complicated, it did. The Speaker of the House of Commons John Bercow – always a controversial figure and widely seen as being anti-Brexit – caused genuine shock and outrage from the Government when he banned Theresa May...
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by Christopher Nye | Mar 18, 2019
On Friday, new figures from the Federal Reserve showed that US manufacturing has slowed for the second month in a row, dropping by 0.4% in February. This was worse than economists predicted, as they expected a small rise after the decline in January. The dollar headed...
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