As fears circling the US-China trade conflict escalated, the demand for safe-haven currencies began to surface, resulting in a slight rise for the yen today.
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The pound has come under renewed attack on the increasing fears of a ‘hard’ Brexit, which led to its fresh 28-month low. U.K Prime Minister Boris Johnson has ramped up preparations for a no-deal withdrawal from the EU, with around three months remaining.
Mounting pressure on the euro comes from recent data showing Germany’s manufacturing sector contracting at the quickest pace in seven years, while French business growth also unexpectedly slowed.
Fears of a no-deal Brexit drove GBP/CHF down to 1.224 earlier this morning; while a new prime minister is due to take office in the UK tomorrow.
British retail sales increased unexpectedly by 1% in June, which in comparison to data from June 2018, sales were stronger than all forecasts, resulting in a 3.8% rise.
The British pound has fallen to its lowest since 2017. The market once again faces the prospect of a no-deal…
Monitoring current events in the countries of interest is a good practice, especially if you are trying to make short duration trades.
We’re slap-bang in the middle of yet another week on this funny little planet and boy, has it been busy!…
Even the most avid blinkers would have struggled to miss this one. UK Prime Minister Theresa May announced that she would step down from her position, following three embattled years that have been completely and totally overshadowed by Brexit.