by Christopher Nye | Feb 28, 2019
The dollar again weakened against the pound as GBP strengthened with a no-deal Brexit looking increasingly likely. GBP/USD hit 1.328 this morning. However, warnings from US trade representative Robert Lighthizer on the progress of US-China trade deals did see the...
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by Christopher Nye | Feb 28, 2019
The euro continued to weaken against the pound yesterday, with GBP/EUR hitting 1.171. A possibility of an extension to Article 50 in the UK strengthened the pound, while poor economic performance in the Eurozone didn’t help the euro. It was a busy day yesterday for...
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by Christopher Nye | Feb 28, 2019
It’s been a good two days for the pound, hitting a high on Tuesday of 1.171. Despite a slightly downward drift this morning, it remains strong against the euro, at 1.168, as yesterday’s Parliamentary debate saw Yvette Cooper’s amendment passed, formalising the...
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by Christopher Nye | Feb 28, 2019
The pound has rallied over the last two days, hitting a two-year high on Tuesday as a no-deal Brexit seems less likely. Yesterday’s debate in Parliament saw the Cooper amendment passed, essentially putting in stone the Prime Minister’s assurance that there would be a...
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by Christopher Nye | Feb 27, 2019
Like the euro, the dollar weakened against the pound as GBP was buoyed by hopes of a lower chance of a no-deal Brexit, reaching a low of 0.753 – at levels not seen since October 2018. Remarks from Federal Reserve Chair Jerome Powell in line with market expectations...
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