by Christopher Nye | Mar 12, 2019
After a strong spell, the dollar dipped yesterday morning due to disappointing US retail sales. Despite beating forecast, they failed to make up for the -1.6% fall seen in December. The core retail sales also failed to recover from their shortfall in December,...
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by Christopher Nye | Mar 12, 2019
Euro weakened yesterday evening as hopes on Brexit rose, with EC President Jean-Claude Juncker and Theresa May agreeing to a further legal instrument around the Northern Irish backstop issue. However, we’re none the wiser whether it will be enough to pass through the...
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by Christopher Nye | Mar 12, 2019
Sterling has spiked against the euro, hitting a 22-month high as Prime Minister Theresa May secures legally binding changes to the backstop. The Prime Minister flew out to Strasbourg yesterday evening to meet European Commission President Jean-Claude Junker, which saw...
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by Christopher Nye | Mar 12, 2019
It’s crunch time for Theresa May’s withdrawal agreement. The Prime Minister announced new ‘legally binding’ changes to the backstop issue after a last-minute meeting with Jean-Claude Juncker – and the pound hit a 22-month high as hopes rose. But will it be enough to...
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by Christopher Nye | Mar 11, 2019
After going from strength to strength last week, the release of the US Non-Farm Payrolls on Friday was the dollar’s undoing. Disappointing data revealed that just 20,000 new jobs were created last month, despite forecasts expecting the creation of around 180,000. This...
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