After a long session on Monday, Parliament has now been prorogued until 14th October, meaning that an election is now highly unlikely until late November – although EU officials have been warning that no further Brexit extension will…
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The dollar is looking mixed this morning after a disappointing Non-Farm Payroll release on Friday has increased speculation of an interest rate cut from the Federal Reserve. Non-Farm Payrolls increased by 130,000 last month, falling short of expectations,…
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Euro is down against the pound after an uptick this morning, as the markets eye a busy week of Brexit developments and economic releases. The ECB’s meeting on Thursday – Mario Draghi’s last – will be closely watched,…
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Sterling is weak against the dollar and the euro this morning as Brexit developments continue to unfold. The government will table a second vote for an early general election today, but it is expected that they will not…
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The government is to table a second motion for an election in the House of Commons today – but opposition MPs warn that they will not support it until the bill to prevent no-deal receives royal assent.
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You might think it’s possible to track the success of the government’s Brexit strategy via the currency markets. Indeed, most of us when seeing a sudden shift in the pound’s value immediately assume it is Brexit related –…
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The dollar is looking mixed this morning ahead of the release of non-farm payroll data, which is expected to rise by 158,000. However, wage growth is expected to fall from 3.2% to 3.1%. Jerome Powell will have the…
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Euro is benefitting from the pound’s weakness, despite relatively poor forecasts for eurozone GDP growth and employment data, due mid-morning. German industrial figures also came in 0.9% below forecasts, meaning they are still in negative territory from last…
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