It’s crunch time for Theresa May’s withdrawal agreement. The Prime Minister announced new ‘legally binding’ changes to the backstop issue after a last-minute meeting with Jean-Claude Juncker – and the pound hit a 22-month high as hopes rose.…
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After going from strength to strength last week, the release of the US Non-Farm Payrolls on Friday was the dollar’s undoing. Disappointing data revealed that just 20,000 new jobs were created last month, despite forecasts expecting the creation…
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All eyes are looking forward this week, as the big event for the euro, like the pound, will be the meaningful vote on the Brexit deal in the House of Commons. At the moment, it looks unlikely that…
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Despite a brief uplift early on Friday, the pound finished last week on a low. This was caused by further stagnation of the backstop talks in Brussels, with a breakthrough still looking unlikely. Early on Friday, the Prime…
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All attention this week will be on Tuesday’s ‘meaningful’ Brexit vote on Theresa May’s withdrawal agreement. Thus far, the EU’s Chief Negotiator Michel Barnier’s stance has remained unchanged, with seemingly no concessions won. Further talks will take place…
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The dollar is going from strength to strength, spurred on yesterday against the euro by poor economic growth forecasts from the ECB.
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The ECB’s meeting yesterday highlighted that things aren’t looking particularly rosy for the Eurozone. Although not entirely unexpected, Euro weakened against the pound as growth forecasts were slashed from 1.7% to 1.1%.
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Sterling has moved even further away from the 21 month high that it hit last week. This comes as Brexit negotiations seem to have hit an impasse, with uncertainty as to whether anything will be resolved in talks…
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