The dollar is weak this morning amid continued US-China trade tensions. Despite escalations last week and over the weekend, President Trump said at the G7 summit that Chinese officials had offered to return to the negotiating table. Despite…
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It’s a muted start to the day for the euro, after figures this morning showed that Germany’s economy declined 0.1% last quarter. Business confidence also declined, marking the eighth month below the crucial 100 mark. More positively, French…
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The pound is stronger against the euro and the dollar this morning, as rhetoric surrounding Brexit continues. At the end of the G7 summit in France, Boris Johnson said it was “the job of everybody in Parliament” to…
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Optimism seems cautiously renewed after the G7 summit that the chance of a Brexit deal, while slim, might be a little more probable than previously thought, but there remains much work to be done. Meanwhile, no-deal may be…
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The dollar is looking strong against the pound and the euro this morning, as markets await Jerome Powell’s speech at Jackson Hole later. He is expected to provide some forward guidance on US interest rate policy. So far,…
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The European Central Bank’s monthly meeting notes show policymakers to be discussing further stimulus options, including a package of rate cuts, asset purchases, partial relief for banks from negative interest and changes to a ‘symmetrical’ rate guidance.
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The pound surged yesterday due to Chancellor Merkel’s suggestion that the backstop can be renegotiated. Following on from her comments during a meeting with Boris Johnson on Wednesday, Merkel said that the UK could have time until the…
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The pound saw a brief uptick yesterday after Emmanuel Macron agreed to Angela Merkel’s suggestion to consider any alternative solutions to the Irish border backstop issue that are presented within the next thirty days.
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