In early trading today, the dollar held strong against the euro, which hovered around a two-week low, as slightly higher…
The pound has managed to recover today after it plunged to a 10-year low against the euro, reaching €1.0724.
In early trading today in Europe, the dollar fell against safe havens such as yen and Swiss franc, after the president announced a sharp acceleration of the US trade war with China.
The Bank of England has warned today that it believes Britain has a one in three chance of falling into a recession, as growing fears and uncertainty over Brexit continue to pull down the economy.
Things have gone from bad to worse for the pound. As it stands, the pound is now the most volatile currency in the G-10.
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.
It’s the news that’s been coming at us all summer-long. Boris Johnson has, as many suspected he would, triumphed over…
The pound was pulled down by a firm dollar, while concerns rise that the new prime minister will force Britain to leave the EU with no agreement in place.
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…