by Christopher Nye | Mar 19, 2019
The only economic data of note yesterday was Eurozone balance of trade, which came in as forecast, and some comments from European Central Bank members. The EUR/USD rate hit a two-week high, before the single currency was dragged down again by Brexit. While the GBP’s...
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by Christopher Nye | Mar 19, 2019
Just when we thought Brexit couldn’t get more complicated, it did. The Speaker of the House of Commons John Bercow – always a controversial figure and widely seen as being anti-Brexit – caused genuine shock and outrage from the Government when he banned Theresa May...
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by Christopher Nye | Mar 18, 2019
On Friday, new figures from the Federal Reserve showed that US manufacturing has slowed for the second month in a row, dropping by 0.4% in February. This was worse than economists predicted, as they expected a small rise after the decline in January. The dollar headed...
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by Christopher Nye | Mar 18, 2019
On Friday afternoon, the euro surged to a ten day high against the dollar following poor US manufacturing data. The annual inflation rate for the euro area was released, coming in at 1.5% as expected. This was slightly above January’s nine month low of 1.4%. This...
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by Christopher Nye | Mar 18, 2019
Last week, the pound had its best week since January, strengthening on Friday afternoon. This came as Prime Minister Theresa May tried to convince euro-sceptics to back her deal ahead of a third ‘meaningful’ vote, which is thought to take place this week. Despite...
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