by Christopher Nye | Jun 26, 2019
The dollar strengthened yesterday and is still up against the pound this morning, following scheduled speeches from FOMC members. They took a ‘less dovish’ stance to interest rates than expected, however, a rate cut is still expected to be announced next month. In...
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by Christopher Nye | Jun 26, 2019
The euro is continuing to benefit from Brexit uncertainty keeping the pound low, as Boris Johnson said the 31st October deadline would be kept, ‘do or die, come what may’. German consumer confidence came in lower than expected, but, with Brexit pressure on the pound,...
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by Christopher Nye | Jun 26, 2019
The pound has weakened against both the dollar and the euro as the increasing possibility of a no-deal scenario continues to weigh. Latest developments in the Conservative leadership race have done no favours for sterling, with Boris Johnson and Jeremy Hunt divided on...
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by Christopher Nye | Jun 26, 2019
Fears about an increased likelihood of a no-deal Brexit are weighing on the pound this morning, following comments by Boris Johnson that the 31st October deadline is ‘do or die, come what may’. The euro is benefitting from this weakness, up against the pound despite...
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by Christopher Nye | Jun 26, 2019
The pound continues to trade at a rate some way off its early 2019 highs but some way above its 2016, 2017 and 2018 lows too. A poll in today’s Times found that 36% of the population believe that the claims that a no-deal Brexit would cause severe damage to the...
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