by Christopher Nye | Apr 12, 2019
The pound drifted downward this morning on fears of prolonged uncertainty over Brexit. An extension to Brexit alone isn’t enough to reassure the markets – a sign of certainty and an potential deal would be much more reassuring. The Prime Minister’s task now is try to...
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by Christopher Nye | Apr 12, 2019
A Brexit extension with little certainty over what kind of deal, if any, will actually get through Parliament by 31st October has left the pound drifting downwards early this morning against the euro. Europe and the US have indicated that they are willing to move...
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by Christopher Nye | Apr 11, 2019
The US dollar showed little movement yesterday, despite a raft of data releases. Inflation rose year-on-year slightly above expectations, reaching 1.9% instead of the predicted 1.7%. Fed policymakers say they expect Fed funds rates to remain relatively unchanged this...
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by Christopher Nye | Apr 11, 2019
The euro held steady yesterday and this morning against sterling, as EU leaders announced a flexible Brexit extension. The ECB’s press conference at noon yesterday held few surprises, with the reiteration that key interest rates will remain low at least to the end of...
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by Christopher Nye | Apr 11, 2019
The pound saw a slight strengthening as EU leaders agreed to a flexible Brexit extension until 31st October, emerging at 1:00am to announce the decision to the waiting media. The extension is longer than the Prime Minister’s hoped-for deadline of 30th June, but still...
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