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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by Christopher Nye | Mar 7, 2019
The focus today is on the Eurozone after a relatively quiet period. The ECB is meeting today and is expected to cut forecasts for both growth and inflation, in a sign of the single currency zone’s slowing economy. The pound weakened slightly yesterday as Brexit talks...
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