Sterling has had a low start to what will be a crucial week for Brexit, as the UK and EU leaders attempt to come closer to a deal ahead of their summit in nine days’ time. Parliament will…
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It was a bit of a nothing week as far as the pound went over the last seven days, with both GBP/EUR and GBP/USD beginning and ending in much the same place. All a reflection of the lack…
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The dollar finished last week on a mixed note after the release of Non-Farm Payrolls. The report showed that the US economy added 136,000 jobs in September, slightly fewer than expected, but not the disaster anticipated after poor…
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The euro ended the week on a positive note, benefiting from the pound’s weakness. It is strong against sterling this morning, but weaker against the dollar.
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After a positive start to the day, sterling fell on Friday afternoon as Brexit deal optimism faded. After an initial uplift following the publication of a Brexit plan, the boost was short-lived as response from the EU was…
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The pound faltered at the end of last week, and is low this morning as optimism for a Brexit deal fades. It was reported that the Prime Minister will ask for a Brexit extension if a deal isn’t…
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The dollar fell yesterday on poor non-manufacturing figures, which dropped 6.6 percentage points. Whilst the figure remains in expansion territory at 52.6, the fall marks a significant slow-down and was the lowest reading since August 2016.
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Euro is choppy this morning after a mixed day of economic releases, and as hopes of a Brexit deal strengthened sterling. Eurozone and German services and composite PMI both came in below expectations yesterday. Meanwhile, the ECB’s Luis…
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