Parliamentary vote on Brexit deal tonight

by | Jan 29, 2019

British MPs could well make this a night to remember, as the Parliamentary vote on Theresa May’s Brexit deal takes place at 7pm tonight. Towards the end of Friday, sterling continued its fine form against the dollar by creeping above the $1.32 mark. This continued...


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EUR: Ifo business climate well below expectations

by | Jan 28, 2019

The euro ended the week on a high against the dollar and broke through the $1.14 mark several times throughout Friday. The moves came despite yet more disappointing data from the eurozone, as the Ifo business climate index for Germany dropped by 1.9 points to 99.1 in...


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GBP: receding no-deal fears boosts the pound

by | Jan 28, 2019

The pound has been the best performing currency over the past week, as investors are firm in their belief that the UK will not exit the EU without a deal. Of course, nothing is certain as yet, but as the saying goes ‘buy on the rumour, sell on the fact’ – and...


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Banks lift sterling predictions as fear recedes

by | Jan 28, 2019

Sterling enjoyed another fine day on Friday as it posted its fifth consecutive day of gains against the dollar to climb firmly above the $1.31 mark. After Theresa May’s Brexit plans were roundly rejected by Parliament, it looked as if the pound might weaken, but there...


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