by Christopher Nye | Mar 27, 2019
After strengthening slightly yesterday, sterling has weakened this morning. This seems to have happened in anticipation of the indicative votes, which are due to take place this evening. Yesterday, the DUP said that they view a long Brexit extension preferable to...
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by Christopher Nye | Mar 27, 2019
Sterling weakened this morning after a brief rise as MPs prepare for Brexit indicative votes this evening. The process will see around six options, selected by Speaker John Bercow, likely to range from a customs union to another referendum and a ‘Norway 2.0’ option....
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by Christopher Nye | Mar 26, 2019
The GBP/USD exchange rate was flat yesterday after disappointing economic data from the US and growing fears of a no-deal Brexit. The dollar was pressured by February’s Chicago Fed National Activity Index figure, which slipped to a disappointing -0.29. This added to...
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by Christopher Nye | Mar 26, 2019
The euro strengthened last night against the pound and dollar as yesterday’s IFO business climate survey for Germany came in above expectations, at 99.6, up from 98.7 last month. However, it did briefly dip this morning following a slightly lower than expected Gfk...
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by Christopher Nye | Mar 26, 2019
Yesterday evening, MP’s voted to take control of Brexit. This paves the way for a set of indicative votes on Wednesday, which will look at alternatives to the Prime Ministers deal. The pound has strengthened moderately in reaction to this news. Sterling was steady...
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