by Christopher Nye | Dec 5, 2018
Yesterday, Mark Carney defended the Brexit analysis released by the Bank of England last week. The Governor of the BoE was testifying to Parliament’s Treasury Committee and said that some of the criticism the analysis attracted was entirely unfair. He pointed out that...
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by Christopher Nye | Dec 4, 2018
On Saturday night, Trump held talks with Xi Jinping and it looks as if there has been a trade war truce for the time being. The president Tweeted several times throughout yesterday, with one social media posting stating that farmers would be a very BIG and FAST...
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by Christopher Nye | Dec 4, 2018
The only releases of note from the eurozone yesterday were the manufacturing PMI readings from Germany and the eurozone. Both were revised upwards to 51.8 in November 2018 from preliminary readings of 51.6 and 51.5 respectively. Still, both figures will still be some...
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by Christopher Nye | Dec 4, 2018
The UK manufacturing PMI jumped to 53.1 in November from 51.1 in October, which was some way above the 51.5 the markets had been expecting. The majority of the increase in demand came from domestic customers, who are rushing to stockpile important products and...
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by Christopher Nye | Dec 4, 2018
Sterling began the week by weakening against the euro and dollar as political uncertainty continues to exert pressure on the pound. It started the day by making some small gains before dropping to its lowest level against the dollar since the end of October. It did...
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