by Christopher Nye | Mar 13, 2019
US inflation figures were released yesterday, showing only a modest rise in core inflation. This put pressure on the dollar, which maintained a weak position against the pound and the euro. This occurred despite the pound suffering from volatility yesterday, due to a...
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by Christopher Nye | Mar 13, 2019
Theresa May’s withdrawal agreement was roundly rejected in Britain’s House of Commons yesterday. Contrary to some commentators’ expectations, euro weakened on the result, as optimism was buoyed for an extension or even revocation of Article 50. Today, the UK...
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by Christopher Nye | Mar 13, 2019
The second ‘meaningful’ vote yesterday resulted in Theresa May’s Brexit deal being rejected. MPs voted against by a majority of 149. This was less of a landslide than last time, but unfortunately for the PM, was large enough to send a clear message that her deal...
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by Christopher Nye | Mar 13, 2019
Theresa May’s Brexit withdrawal agreement was rejected for a second time last night – and the pound strengthened as hopes of an extension to Brexit – or even a revocation – rose. First, there is a vote today on the House rejecting the possibility of leaving without a...
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by Christopher Nye | Mar 12, 2019
After a strong spell, the dollar dipped yesterday morning due to disappointing US retail sales. Despite beating forecast, they failed to make up for the -1.6% fall seen in December. The core retail sales also failed to recover from their shortfall in December,...
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