The dollar is hovering at near 2 month lows this morning against a basket of currencies. The greenback is once again feeling the pressure from possible rate cuts, and is also low due to a sharp decline in…
Read more
›
In quiet week for economic releases, the budgetary dispute between Brussels and Rome continues. Giuseppe Conte, the Italian Prime Minister, said yesterday that he is ‘determined’ to avoid triggering the EU ‘disciplinary’ procedure for what it considers to…
Read more
›
A mixed morning for sterling, which is weak against the euro and stronger against the dollar. Its weakness is possibly due to further insistence from Boris Johnson that there will be no Brexit delay past the current deadline…
Read more
›
With uncertainty over Brexit continuing – and Boris Johnson seemingly the favourite for the next Conservative leader – pound is down against the euro this morning. Today, the House of Commons will vote on legislation to ensure an…
Read more
›
Last summer, one of the staff in our London office set his 11-year-old son the task of learning every British Prime Minister – and their years of administration – for the previous 150 years. The son would get…
Read more
›
The dollar is weak against the euro and choppy against the pound this morning. This is due to increasing expectations of an interest rate cut from the Federal Reserve, a possibility that continues to put pressure on the…
Read more
›
Italian industrial production showed an increase yesterday year-on-year, in a positive sign for the country’s beleaguered economy. It was, however, still below expectations, so we did see a small weakening in the euro.
Read more
›
The pound dropped yesterday, and is still in a weak position this morning after the release of April GDP figures. The figures showed a slump in car manufacturing and a decline from the earlier boost in Brexit-related stockpiling.…
Read more
›
