by Christopher Nye | Jan 24, 2019
The pound had a fine day against the euro and dollar yesterday, almost hitting €1.15 and $1.31. The moves came following a Brexit delay push, where Labour confirmed it would back an attempt to prevent a disorderly no-deal Brexit. Yvette Cooper has tabled an amendment...
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by Christopher Nye | Jan 23, 2019
With next week’s Brexit motion edging closer, MPs from across the Commons are tabling amendments to the proposals. The one that is attracting the most attention concerns speculation that up to 40 members of the government will resign if Conservative MPs are banned...
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by Christopher Nye | Jan 23, 2019
It was a fairly quiet day for economic data from the US yesterday, although we did see existing home sales for December. The figures showed that sales of previously owned homes slumped by 6.4% which was far below a 1% fall the markets had been expecting. It is the...
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by Christopher Nye | Jan 23, 2019
The eurozone will be thankful for small mercies at the moment, with a raft of data showing its economy is struggling at present. Yesterday, the German ZEW economic sentiment index unexpectedly rose by 2.5 points in January to hit -15.0 – much better than the...
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by Christopher Nye | Jan 23, 2019
Figures released yesterday showed that average earnings, including bonuses, increased by 3.4% in the three months to November 2018. It is the fastest rate since the three months to July 2008 and was better than the 3.3% the markets had been expecting. Excluding...
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