by Christopher Nye | Mar 5, 2019
The pound has dipped against the US dollar due to the news that Britain’s construction sector shrank in February. Fresh optimism concerning the US-China trade deal continues to serve the dollar well, as commentators speculated that a breakthrough in negotiations could...
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by Christopher Nye | Mar 5, 2019
Euro gained a small amount of ground against sterling today, following better-than-expected economic data in from the Eurozone. Meanwhile, Margaritis Schinas has confirmed a further meeting in the Brexit negotiations, and the markets will be watching closely for...
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by Christopher Nye | Mar 5, 2019
Yesterday saw the release of PMI data for UK construction, which has fallen for the first time in eleven months. It now reads at 49.5, falling under the 50 mark and therefore stepping into contraction territory. Brexit uncertainty has caused a surge in stockpiling,...
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by Christopher Nye | Mar 5, 2019
Brexit Secretary Stephen Barclay and Attorney General Geoffrey Cox are heading to Brussels today for talks with Michel Barnier and, although a press conference now seems unlikely, the markets will be watching carefully for any signs of developments. Meanwhile, the UK...
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by Christopher Nye | Mar 4, 2019
Along with the UK and the Eurozone, the US factory sector has also slowed, as seen in two rival surveys. Manufacturing growth has reached the lowest level in two years and is much worse than what was expected by economists. President Trump said on Saturday that the US...
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