by Christopher Nye | Nov 8, 2018
As the US election result filtered through to the markets yesterday, the dollar weakened against sterling and the euro. The Democrats managed to take control of the House and, although Republicans tightened their grip on the Senate, they are now in a position to...
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by Christopher Nye | Nov 7, 2018
Democrats took control of the House in the midterms this morning, with both sides claiming victory. Trump said that it was a ‘tremendous result’ despite the fact that he could now be investigated for a wide range of things. He might even be forced to release his tax...
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by Christopher Nye | Nov 7, 2018
The economic data schedule in the eurozone was fairly busy yesterday, with the Markit composite and services PMI final readings for Germany and the eurozone. Composite PMI in the eurozone dropped to 53.1 in October from 54.1 the previous month and, while this was...
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by Christopher Nye | Nov 7, 2018
Sterling climbed to a two-week high against the dollar yesterday in rather astonishing circumstances. With no major economic data releases from the UK, any moves were likely to be fuelled by events elsewhere or reports of Brexit developments. However, as it turned...
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by Christopher Nye | Nov 7, 2018
While most of us were enjoying our beauty sleep through last night, people across America were casting and/or counting votes for the 2018 midterm elections. The full results are still filtering through, but it has been confirmed that Democrats have secured a majority...
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