The pound is still drifting at around a six-month low this morning against the dollar, and is down against the euro. Fears about Brexit are still weighing it down, with both contenders for Conservative Party leadership accused of…
Read more
›
After rallying on Friday due to positive Non-Farm Payrolls, the dollar has slipped slightly this morning. US yields are down after gaining strongly at the end of last week.
Read more
›
The euro is strong against both the dollar and the pound this morning. This follows a statement from Bank of France Governor Francois Villeroy de Galhau, who said that the ECB will wait for more economic data before…
Read more
›
The pound is weak this morning after sinking to a six-month low on Friday. Its drop was due to a series of weak PMI data, which suggested that the economy may have contracted in the second quarter. The…
Read more
›
The pound hit a six-month low on Friday, pushed down by data suggesting that the economy had contracted. Worries continue over no-deal, with fears raised that neither Boris Johnson nor Jeremy Hunt really has a workable plan. The…
Read more
›
Back in more normal times the press used to struggle for stories in the “silly season” from mid-July to September. This has been less of a problem in recent years. With a new Prime Minister taking over on…
Read more
›
The dollar is showing strength ahead of non-farm payrolls, which will be released at 1:30pm today. This data could have a bearing on whether the Federal Reserve decide to cut interest rates at the end of this month,…
Read more
›
Poor economic data from Germany earlier this morning has helped to push the euro down against sterling. German factory orders came in at -2.2%, quite a way below the expected -0.1%. Eurozone retail sales yesterday also showed worse-than-expected…
Read more
›
