by Christopher Nye | May 13, 2019
The dollar weakened further on Friday afternoon and has fallen today, as China and the US pursued talks to try to salvage a trade deal. However, President Trump said that he was in “no rush” to finalise a trade agreement, saying that discussions were continuing in a...
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by Christopher Nye | May 13, 2019
The euro was strong on Friday and is set to remain in a good position this week. This comes as any possible escalation in trade talks between the US and China could result in US interest rates being cut, making the dollar weaker. There will be a series of economic...
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by Christopher Nye | May 13, 2019
The pound remained mostly unchanged on Friday as the GDP data figures came in as forecast. The economy grew by 0.5% in the last quarter and 1.8% year-on-year. Evidently, British consumers continued to spend and manufacturers rushed to deliver orders before the...
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by Christopher Nye | May 13, 2019
Cross-party talks between the government and the Labour party continue today. It remains unclear as to whether any real progress has been made, and the pound is mostly unchanged as a result. Cabinet Ministers are calling for more indicative votes, whilst the Shadow...
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by Christopher Nye | May 13, 2019
For the past three months the pound has been trading in a relatively narrow band against both the euro and US dollar. The reason is simply that the currency markets don’t know which way to move and are not willing to take a risk. The problem, of course, is Brexit. The...
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