by Christopher Nye | Jan 31, 2019
On what was an extremely busy day for the eurozone, we saw further evidence that morale across the euro area is sliding. The economic sentiment index dropped to 106.2 in January from 107.4 the previous month and below expectations of 106.8. It is the seventh...
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by Christopher Nye | Jan 31, 2019
Attention was understandably focused on Brexit developments (or lack thereof) yesterday, but mortgage approval figures for December were released. They showed that the number of mortgages approved last month dropped to 63,793, which was more-or-less in line with...
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by Christopher Nye | Jan 31, 2019
After MPs narrowly voted in favour of the amendment tabled by the senior Conservative Graham Brady, yesterday was yet another hectic day of Brexit-related news. MEPs sat down to debate Brexit, with the European Union’s chief negotiator, Michel Barnier, grabbing the...
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by Christopher Nye | Jan 30, 2019
The main release from the US yesterday was the consumer confidence index reading for January. The figure – calculated by America’s Conference Board – dropped to just 120.2 this month from 126.6 in December. While the markets had expected a decline, it was much more...
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by Christopher Nye | Jan 30, 2019
After last night’s Parliamentary vote on the Brexit deal, the European Council President, Donald Tusk, announced that the EU was not prepared to reopen the deal. “The withdrawal agreement is, and remains, the best and only way to ensure an orderly withdrawal of the...
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