The pound weakened yesterday on worse-than-expected inflation data. Falling below target for the first time in 5 months, the figure came in at 1.7%, missing the prediction of 1.9%. It was pushed lower by computer game and clothing…
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The European Parliament has reaffirmed its position on allowing a Brexit extension for reasons including preventing a no-deal – although France has previously said it might veto any lengthening of the deadline without further progress made.
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The dollar weakened yesterday ahead of the Federal Reserve’s two day monetary policy meeting, which starts today. Investors are expecting a 25 basis point cut, however some believe that this would be the last cut in a while.
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The pound edged slightly higher yesterday as the Supreme Court considered the lawfulness of the prorogation of Parliament. Lawyers challenging the suspension told the court that Boris Johnson saw MPs as an “obstacle” and wanted to “silence” them.…
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The Supreme Court has begun its hearing of the lawfulness of Parliament’s prorogation, and the markets will be closely watching for any hint of Parliament possibly resuming earlier than expected. Meanwhile, Christine Lagarde has been officially confirmed as…
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Christine Lagarde was confirmed yesterday as the next President of the ECB, in a secret ballot in the European Parliament. She received 394 votes for, against 206 votes against and 49 abstentions. Mario Draghi will convene his last…
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The pound hit its highest rate since late May against the euro, and since late July against the US dollar yesterday. I follow and write about currencies all the time, but it’s still a thrill when the pound…
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Boris Johnson and Jean-Clause Juncker’s meeting in Luxembourg saw little progress made, with the European Commission saying the UK had no new concrete plans to actually put forward. Both sides have, however, agreed to step up talks, with…
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