by Christopher Nye | Mar 8, 2019
Sterling has moved even further away from the 21 month high that it hit last week. This comes as Brexit negotiations seem to have hit an impasse, with uncertainty as to whether anything will be resolved in talks with the European Union over the next day or so. The...
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by Christopher Nye | Mar 8, 2019
The euro weakened against the pound yesterday as the ECB slashed growth forecasts from 1.7% to 1.1%, against a backdrop of poor economic performance in the single currency zone. The central bank also held off on rate hikes, as expected, with a raise now not expected...
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by Christopher Nye | Mar 7, 2019
The US trade gap with the rest of the world has hit a 10 year high. This comes after Donald Trump imposed tariffs last year on foreign steel, aluminium and Chinese products in the belief that these import taxes would ultimately reduce the trade imbalance. However, it...
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by Christopher Nye | Mar 7, 2019
Yesterday was quiet day for the euro, with most waiting for the headline ECB meeting in Frankfurt today. It seems unlikely that interest rates will be raised, and Mario Draghi will likely reach the end of his tenure without ever increasing them. GDP growth rates and...
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by Christopher Nye | Mar 7, 2019
The highly anticipated talks between the EU’s Michel Barnier, Attorney General Geoffrey Cox and Brexit Secretary Stephen Barclay still show no signs of a breakthrough, prompting concern that the vote on the Prime Minister’s deal could be delayed. This caused the pound...
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