by Christopher Nye | Mar 20, 2019
The pound continues its weak performance today, as a short Brexit extension appears to be the next likely step. It’s also still unclear as to when the third meaningful vote will take place, if at all. Ahead of the EU summit tomorrow, EU leaders and EU Council...
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by Christopher Nye | Mar 20, 2019
Reports from Number 10 this morning have revealed that Prime Minister Theresa May is set to ask the EU for a short extension to Article 50. Downing Street said that May shares the public’s ‘frustration’ at Parliament’s ‘failure to take a decision’. At the...
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by Christopher Nye | Mar 19, 2019
The NAHB Housing Market Index was slightly lower than expected, but this was a quiet start to the week. The greenback recovered early losses against the EUR as soon as news of Speaker Bercow’s intervention broke and the single currency was reined in alongside the GBP....
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by Christopher Nye | Mar 19, 2019
The pound weakened half a cent through the day against both the USD and EUR as the Withdrawal Agreement seemed increasingly certain to fail. But it didn’t get the chance. While it dropped even further after news broke that the Speaker of the House of Commons was...
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by Christopher Nye | Mar 19, 2019
The only economic data of note yesterday was Eurozone balance of trade, which came in as forecast, and some comments from European Central Bank members. The EUR/USD rate hit a two-week high, before the single currency was dragged down again by Brexit. While the GBP’s...
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