by Christopher Nye | Nov 16, 2018
What a day. The morning started sedately enough, as we all caught up on Brexit developments. Theresa May managed to get the Cabinet to support her Brexit withdrawal agreement and the pound was hovering around the $1.30 mark. Then Dominic Raab resigned as Brexit...
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by Christopher Nye | Nov 16, 2018
The euro enjoyed a fine day against the pound yesterday following the political fallout we saw from the UK. It is the biggest day of gains against sterling for some time now. Against the dollar, things were much more sedate; the appetite of investors clearly revolved...
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by Christopher Nye | Nov 15, 2018
The only release of note from America yesterday was the inflation rate for October which came in as expected at 2.5% from 2.3% the previous month. The increase is mainly because of an increase in the price of fuel and oil. Trump continues to claim – without a shred of...
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by Christopher Nye | Nov 15, 2018
The German GDP growth rate for the third quarter of 2018 came in yesterday and showed a dramatic slowdown. Analysts had been expecting a reading of 1.3%, but the economy actually slowed to 1.1% last quarter, from 2% the previous quarter. It was slightly more positive...
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by Christopher Nye | Nov 15, 2018
The headline economic data release yesterday was the inflation figure for October, which held steady at 2.4%. Analysts had been expecting a slight increase to 2.5% and the ups and downs of inflation in recent months have been linked to the pound’s performance. The...
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