The dollar is strong against the pound this morning and choppy against the euro. Sterling’s weakness has helped the greenback, which is anticipating The Federal Open Market Committee’s (FOMC) two-day policy meeting on Tuesday.
Read more
›
Euro is relatively steady this morning. Boris Johnson continues to look like the prime candidate in the Tory leadership race, which could spell volatility ahead – but was largely expected by the markets during yesterday’s ballot.
Read more
›
Sterling took a hit yesterday, and is still in a weak position this morning after it transpired that Boris Johnson is well ahead in the Conservative leadership race. He received 114 votes, with Jeremy Hunt coming in second…
Read more
›
The pound weakened yesterday as the first Conservative leadership ballot confirmed Boris Johnson not just as the leading candidate, but far ahead of any of the others, with more than double of Michael Gove and Jeremy Hunt.
Read more
›
The dollar has weakened against the euro this morning amid uncertainty over whether the US and China will be able to reach a deal during the G-20 summit in Japan at the end of the month. However, the…
Read more
›
Finance ministers across the eurozone are to discuss Italy’s budget crisis and the potential use of an Excessive Debt Procedure if Rome fails to work on its budget deficit. Penalties could include a fine of as much as…
Read more
›
The pound has weakened after the Commons rejected the chance to pass legislation to block a no-deal Brexit. The Labour Party, along with Tory rebels, put the motion to Parliament. However, this was rejected by 309 votes to…
Read more
›
The pound is choppy this morning, with the first ballot in the Conservative set to begin within half an hour. We have already seen a weakening in the sterling yesterday, after the Commons rejected a Labour motion against…
Read more
›
