Parliament is set to return this morning, after 11 judges of the Supreme Court unanimously concluded that the suspension of Parliament was unlawful. The prospect of a General Election is again rearing its head, although Jeremy Corbyn has…
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The dollar was strong against both the dollar and the euro yesterday, benefitting from the weaker currencies. Markit flash manufacturing PMI was released for the US yesterday, which rose to 51 in September from a decade low of…
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The Bundesbank released its latest report yesterday, in which it warned of the possibility of a further contraction in the German economy. Earlier in the morning, Eurozone and German PMI figures came in below expectations, putting further pressure…
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The Supreme Court’s verdict on the prorogation of Parliament is due to be released at 10:30am this morning. A ruling against the government may weigh on the pound, due to increased uncertainty. Alternatively, if the judges decide that…
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The pound is choppy as the Supreme Court is set to announce its decision on Parliament’s prorogation at 10:30 this morning. Sterling was already under pressure yesterday after Michel Barnier said it was ‘difficult to see’ how a…
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The pound was boosted last week when Jean-Claude Juncker the EU president said he didn’t have an “erotic relationship” with the Irish backstop and that a deal could be found. Really, he is the gift that keeps on…
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The dollar finished the end of last week on a strong note, due to hopes of progress in US-China trade talks. The US made the decision that some Chinese goods would be exempt of tariffs, signalling a positive…
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German manufacturing PMI fell to 41.4 in September, down from 43.5 in the previous month and missing expectations of 44. This is the ninth consecutive month of contraction in factory activity and has caused the euro to fall…
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