The pound weakened to five-month lows against the euro yesterday as Brexit continued to weigh. Worries over the progress of trade negotiations between the UK and EU are driving the pound lower.
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The pound weakened further yesterday and is still weak this morning as concerns over the state of Brexit negotiations continue. The EU said yesterday that it will take legal action if the UK doesn’t drop the new legislation…
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The euro is strong ahead of the ECB's monetary policy meeting and press conference today, where they are expected to comment on the outlook for the European economy.
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The Prime Minister defended the new ‘Internal Markets Bill’ in Parliament yesterday, which seeks to change parts of the Withdrawal Agreement and breaks international law.
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The European Central Bank will hold their latest monetary policy meeting today. Whilst interest rates are expected to be kept on hold, it’s thought that discussion will centre around economic projections and concerns over the rising euro, which…
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Initial jobless claims data will come in for the US today, and the figure is predicted to come in lower that the reading from last month.
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This week’s fall in sterling wasn’t entirely surprising, but being forewarned doesn’t make it easier if you have a large trade in the offing. This could just be a pre-shock. Remember when Boris Johnson was saying that a…
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Tensions between the US and China have been sparked by President Trump. Trump has declared that, if re-elected, he wants to US to ‘decouple’ from China, sparking concerns over the future of the US economy.
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