by Christopher Nye | Sep 11, 2018
On a day when economic data for the UK was more encouraging than it has been for some time, it was comments made by Michel Barnier that affected the currency markets. Following reports that the EU’s chief negotiator thought that agreeing a Brexit deal within the next...
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by Christopher Nye | Sep 11, 2018
While the headlines were dominated by Brexit, China’s foreign ministry reiterated that Beijing will take countermeasures if the US imposes new tariffs. As it stands, both sides have imposed tariffs on $50 billion of each other’s goods, with Trump threatening tariffs...
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by Christopher Nye | Sep 6, 2018
Reports that the British and German governments have decided to abandon their key Brexit demands helped the pound rally against the euro and dollar yesterday afternoon. The pound had started the day weakening against the dollar, as investors continue to be concerned...
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by Christopher Nye | Sep 6, 2018
Yesterday was a topsy-turvy day for sterling to say the least. It started the day in a position of weakness, despite some extremely positive car sales figures and encouraging services PMI. Ongoing trade tensions are weakening currencies against the dollar, as...
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by Christopher Nye | Sep 6, 2018
There was a raft of economic data from the eurozone yesterday, but the majority of it came in more or less as expected. Retail sales for July were slightly disappointing, as year-on-year, they grew by 1.1% against an expectation of 1.3%. Month-over-month they fell by...
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