The pound is benefitting from a weaker euro this morning, but is still showing weakness against the dollar. No deal Brexit fears still weigh on sterling ahead of voting for the new Prime Minister, which opens from tomorrow.…
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The euro is weaker against the pound this morning, after German factory orders came in nearly two percentage points lower than expected. Nonetheless, it is still low as Brexit fears continue to weigh, and EC presidential nominee Ursula…
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The dollar is weak this morning against a basket of currencies as expectations of a rate cut have increased. This is due to a series of weak data that was released yesterday. Factory orders were down 0.7% for…
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Euro is choppy this morning as German construction figures showed the third drop in as many months, reaching the lowest level since last October. Nonetheless, future expectations remain positive, with interest rates expected to remain low and demand…
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The two Conservative leadership candidates have made further promises ahead of voting for the new Prime Minister. Boris Johnson has pledged to recruit 20,000 police officers over two years if he becomes Prime Minister, whilst Jeremy Hunt has…
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The pound is low this morning following some poor economic results, with composite PMI falling into contraction for the first time since 2016. Following on the back of a suggestion of a rate cut by Mark Carney yesterday,…
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The dollar has found some strength this morning against both the pound and the euro. It is benefitting from the pound’s weakness and has possibly also strengthened due to the IBD/TIPP Economic Optimism Index, which rose to 56.6…
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European leaders have nominated Christine Lagarde as the successor to Mario Draghi for the role of President of the European Central Bank. Stock dropped following the announcement, as, if confirmed again by leaders in a few weeks, her…
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