by Christopher Nye | Feb 28, 2019
The pound has rallied over the last two days, hitting a two-year high on Tuesday as a no-deal Brexit seems less likely. Yesterday’s debate in Parliament saw the Cooper amendment passed, essentially putting in stone the Prime Minister’s assurance that there would be a...
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by Christopher Nye | Feb 27, 2019
Like the euro, the dollar weakened against the pound as GBP was buoyed by hopes of a lower chance of a no-deal Brexit, reaching a low of 0.753 – at levels not seen since October 2018. Remarks from Federal Reserve Chair Jerome Powell in line with market expectations...
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by Christopher Nye | Feb 27, 2019
The euro weakened against the pound yesterday afternoon, following Theresa May’s statement on the possibility of a short extension to Article 50, hitting a low of 0.8586. The Eurozone’s economic worries continue, as the GfK economic expectations sub-index dropped for...
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by Christopher Nye | Feb 27, 2019
Theresa May, speaking in the House of Commons yesterday, raised the prospect of delaying Article 50 for the first time. The news buoyed the pound to a 21-month high of 1.167 against the euro, as the markets reacted positively to a perceived lower chance of a no deal....
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by Christopher Nye | Feb 27, 2019
The pound hit a 21-month high of 1.167 against the euro yesterday as Prime Minister Theresa May made her first public admission that Brexit could be delayed – saying there would be an opportunity for a ‘short, limited extension to Article 50’ if her deal and the...
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