It’s a choppy start to the day for the euro, as the single currency benefits from the pound’s weakness, but fears over the Italian economy continue to weigh. Italian economic indicators will be released mid-morning, with Italian quarterly…
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Sterling fell across the board yesterday and is still at low levels this morning after the Queen agreed to Boris Johnson’s plan to suspend Parliament. Parliament will be closed for five weeks in September and October, however the…
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Sterling is low after Boris Johnson announced plans to have Parliament suspended for five weeks from 10th September. The official reason is to have a Queen’s Speech to set out the government’s direction, but the timing has incited…
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The theme of the ECB’s Annual Conference, opened yesterday, will come as no surprise to regular readers: the importance of communications and expectations. The financial markets move constantly based not just on concrete data, but also forecasts and…
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The dollar is looking mixed against the euro and the pound this morning, as an inversion in US bond yields raised fears of an impending recession, especially as it’s a much larger movement than the dip two weeks…
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The euro is strong against the pound this morning, as German consumer confidence unexpectedly held steady at 9.7, despite negative GDP growth. Yesterday’s speech in Manchester from the ECB’s de Guindos also served to ‘soothe’ expectations for stimulus…
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After a brief uplift yesterday, sterling is weak this morning against both the euro and the dollar. The pound rallied as opposition parties agreed on a plan to stop a no-deal Brexit. There was also suggestion that Boris…
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The pound is down this morning amid uncertainty around Brexit. David Frost will meet officials in Brussels today to discuss solutions to the Irish border issue, after the G7 summit seemed to promise more willingness from France and…
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