The dollar was mixed yesterday, retaining its strength against the euro but dropping slightly against the pound. Factory orders came in better than expected at 1.8% for December, a boost from the previous reading of -0.7%.
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It was a choppy day for the euro yesterday, as the markets reacted to worries over a potential ‘no trade deal’ Brexit. This morning, services PMI for the Eurozone, France and Germany have shown little movement, although yearly…
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Sterling recovered slightly yesterday but is still under pressure as Boris Johnson suggested that we could end the Brexit transition period without a trade deal.
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With yesterday a quiet day for economic releases, the pound was still choppy after Boris Johnson raised worries of the UK exiting the transition period without a trade deal – thereby defaulting to WTO terms, including tariffs. This…
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The pound has been swinging up and down around 2% against both the US dollar and euro in recent days. The initial reason for it falling was the increasing talk around what would be essentially a no-deal trade…
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The dollar was strong against a basket of currencies yesterday. A series of ISM manufacturing data showed positive results, reporting that US factory activity unexpectedly rebounded in January after contracting for five consecutive months.
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The euro is up this morning against the pound after a speech yesterday by Boris Johnson said that the UK would return to WTO rules if not offered a ‘Canada-style’ agreement. Michel Barnier had previously said that the…
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The pound weakened against the euro and the dollar yesterday, heading to its biggest slump in six weeks against the greenback on renewed fears of a hard Brexit. Clashing statements from both the EU and the UK have…
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