by Christopher Nye | Dec 17, 2018
After recovering some ground on Wednesday and Thursday, the pound dropped back once more against the euro and dollar. The moves came following yet another Brexit blow to Theresa May’s hopes of getting her withdrawal agreement through Parliament. The meaningful vote...
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by Christopher Nye | Dec 17, 2018
As with the eurozone, the US released its services and manufacturing PMI for December on Friday. The composite reading dropped to 53.6 this month from 54.7 the previous month, although given any figure above 50.0 shows growth, the sectors are still performing rather...
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by Christopher Nye | Dec 17, 2018
On Friday, there was a raft of purchasing managers’ indices from Germany and the eurozone, with the latter readings being particularly disappointing. The composite PMI – which combines the activity of manufacturing and services companies – fell to 51.3 in December...
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by Christopher Nye | Dec 17, 2018
Just a day after Theresa May managed to defeat a Tory coup, she received another Brexit blow as EU leaders rejected her pleas to salvage her Brexit deal. The European Commission President, Jean-Claude Juncker, said it was difficult to imagine May getting any deal...
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by Christopher Nye | Dec 14, 2018
Yesterday, Trump Tweeted that he never directed Michael Cohen to break the law. The president claimed that because he acted on the ‘advice of counsel’, he is off the hook for any crime. Cohen was recently sentenced to three years behind bars and said that he acted at...
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