The dollar edged higher yesterday as US jobless claims fell to a multi-decade low, providing optimism for Non-Farm payroll data which will be released later today. The data is expected to show that 180K new jobs have been…
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The euro strengthened last night on the likelihood of a long extension to Brexit. Donald Tusk suggested that the best option could be a ‘flexible extension’ of up to a year, while Theresa May has just written to…
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Before making some gains this morning, the pound broke its three day rising streak yesterday afternoon as concerns of a long extension to Brexit increased. Prime Minister Theresa May has said a further postponement to the Brexit date…
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Theresa May has just written to the European Union asking for a longer Brexit extension until 30th June. The move comes as Parliament narrowly voted to avoid a no-deal – but it will still be up to the…
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Dollar weakened yesterday evening as optimism surrounding Brexit boosted the pound. It has also weakened against the euro this morning as a disappointing set of German Factory Orders appear to have little effect on the single currency.
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New orders to German manufacturers fell by 4.2% in February, the biggest monthly drop in two years, with the steepest drop coming from foreign markets outside the euro zone. Orders were also down 8.4% on the year. This has…
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Prime Minister Theresa May met with opposition leader Jeremy Corbyn yesterday, in an attempt to break the Brexit deadlock. The talks were described as ‘constructive’, but were criticised by MPs in both parties. The pound strengthened due to…
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Yesterday evening, MPs voted on a bill which will force the Prime Minister to ask the EU for an extension to Brexit, and allow Parliament to decide how long this extension will be. The legislation was pushed through…
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