Last night, MPs voted to reject the UK leaving the European Union without a deal, causing the pound to briefly further strengthen against the euro. The tight margin was a surprise, but the result had been widely expected.…
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US inflation figures were released yesterday, showing only a modest rise in core inflation. This put pressure on the dollar, which maintained a weak position against the pound and the euro. This occurred despite the pound suffering from…
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Theresa May’s withdrawal agreement was roundly rejected in Britain’s House of Commons yesterday. Contrary to some commentators’ expectations, euro weakened on the result, as optimism was buoyed for an extension or even revocation of Article 50.
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The second ‘meaningful’ vote yesterday resulted in Theresa May’s Brexit deal being rejected. MPs voted against by a majority of 149. This was less of a landslide than last time, but unfortunately for the PM, was large enough…
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Theresa May’s Brexit withdrawal agreement was rejected for a second time last night – and the pound strengthened as hopes of an extension to Brexit – or even a revocation – rose. First, there is a vote today…
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After a strong spell, the dollar dipped yesterday morning due to disappointing US retail sales. Despite beating forecast, they failed to make up for the -1.6% fall seen in December. The core retail sales also failed to recover…
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Euro weakened yesterday evening as hopes on Brexit rose, with EC President Jean-Claude Juncker and Theresa May agreeing to a further legal instrument around the Northern Irish backstop issue. However, we’re none the wiser whether it will be…
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Sterling has spiked against the euro, hitting a 22-month high as Prime Minister Theresa May secures legally binding changes to the backstop. The Prime Minister flew out to Strasbourg yesterday evening to meet European Commission President Jean-Claude Junker,…
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