The euro is weak against the pound this morning, due to sterling's strength on news of an upcoming election. Yesterday, data revealed that corporate lending in the Eurozone was beginning to slow. Bank lending to companies fell in…
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The pound was up against the euro and the dollar yesterday, and is still strong today as Parliament approved a motion for an early general election.
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Yesterday evening, the House of Commons approved the Prime Ministers pledge for an early general election on December 12th. The pound rallied slightly as a result. Today, the bill will begin its passage through the House of Lords,…
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The dollar ended the day down against the pound, as the latter was buoyed by a Brexit extension. The US’s goods trade deficit shrank to USD 70.4 billion, as imports declined 2.3 percent month-on-month.
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The EU has agreed to a three-month so-called ‘flextension’ to Brexit, by which terms the UK can leave at any point before that date if a deal is agreed. This came despite French opposition to a longer extension,…
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The pound ended yesterday on a choppy note, as Parliament rejected the government’s motion for a 12th December general election by 299 votes to 70. One could well still be forthcoming, however, with the SNP and Lib Dems…
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It was a choppy day for the pound yesterday, up following the granting of a three-month Brexit extension. However, the government’s motion for a 12th December election were rejected yesterday, as they failed to get a two-thirds majority…
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I won’t even try to summarise what we can expect from British and European politics this week and how that would affect the pound. It gets very complicated, with the additional variable of a new House of Commons…
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