The dollar has edged towards a one week high this morning against a basket of currencies, including the pound and the euro. This comes as investors are turning to the greenback due to US-China trade tensions. The US…
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It was a mixed bag of economic releases yesterday. Business confidence for the eurozone as a whole fell slightly below expectations, but industrial sentiment did improve more than expected – although it is still in the negative. French…
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The pound is still choppy this morning due to the uncertainty in Parliament. After news that Labour would be backing a second referendum, Jeremy Corbyn has clarified that any new referendum should be a vote on the terms…
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Continuing uncertainty in the UK and EU is putting pressure on the pound, which remains choppy today. Labour stated they would be backing a second referendum, but soon clarified that it would be on the form of a…
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The dollar is strong this morning, holding on to its previous gains against both the pound and the euro. It’s still benefitting from the weakness of both, which are still suffering due to the aftermath of the European…
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The euro remains weak this morning, dipping on comments from Italian deputy Prime Minister Matteo Salvini, saying that the European Commission could fine Italy three billion euros for breaking EU debt and deficit rules.
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The pound is looking volatile and choppy this morning as the Tory leadership battle gets underway. With so many senior Conservative MPs throwing their hats into the ring, it is thought likely to be prolonged process.
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It’s going to be a volatile few weeks ahead for the pound, as the selection of a new Tory leader begins. With such a high number of candidates, a television debate and the direction of Brexit riding on…
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