by Christopher Nye | Jan 24, 2019
The only release of note from the eurozone yesterday was the flash consumer confidence reading for January. While the indicator rose to -7.9 from a two-year low of -8.3 the previous month, this was still worse than market expectations of -6.5. However, this is only a...
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by Christopher Nye | Jan 24, 2019
It has been a good few days for the pound, but yesterday’s gains were the biggest for some time. The strengthening against the euro and dollar was brought about through a perception that there is a diminished chance of the UK leaving the EU without a deal. Labour has...
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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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