by Christopher Nye | Mar 15, 2019
Sterling had a choppy day yesterday as the UK parliament voted to extend Article 50, if the EU agrees. Ultimately, it has largely held onto its gains, but whether this will continue remains to be seen. The UK now has to seek the EU’s approval for an extension, and we...
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by Christopher Nye | Mar 14, 2019
The pound’s drop after its initial no-deal rally has caused the dollar to pull ahead from a nine day low. The greenback had initially weakened after the pound rallied, following the decision of Parliament to reject a no-deal Brexit. However, this strength for the...
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by Christopher Nye | Mar 14, 2019
Euro failed to capitalise on the Brexit vote last night, as pound stayed steady on hopes of an extension to Article 50. It seems likely that asking for an extension will pass through, but how long this will still be up in the air. The next big deadline is 21st March –...
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by Christopher Nye | Mar 14, 2019
Yesterday evening, MP’s rejected a no-deal Brexit in two separate votes. The second of these votes was won by just 4, accepting an amendment to take no-deal off the table at any point. Although the tight margin was perhaps a surprise, the outcome was widely expected...
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by Christopher Nye | Mar 14, 2019
Last night, MPs voted to reject the UK leaving the European Union without a deal, causing the pound to briefly further strengthen against the euro. The tight margin was a surprise, but the result had been widely expected. Parliament will vote this evening on an...
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