Brexit-week: Why Brexit isn’t the only reason for the pound’s uncertainty City Talk It’s been an up and down week for the pound and for once, despite being Brexit-week, the UK’s departure from the EU wasn’t the primary cause. The provisional manufacturing PMI came in close to the breakeven point at 49.8, more than two points higher on the month. The services PMI was up three points at [...]
This week: Why the Pound shone over the Euro City Talk After a poor end to last week, the pound responded with a dominant performance this week, gaining an average of 0.8 per cent against the other major currencies. Indeed, it was only the Japanese yen that it lost out to (dropping 0.2 per cent). Such a performance has helped the pound climb to the top [...]
What does 2020 hold in store for the pound? City Talk Brexit cast a long shadow over the pound in 2019. Additional factors that influenced the value of sterling – caution from the Bank of England, faltering economic results – were all seen through the lens of Brexit. Now that parliament has backed the Brexit bill, the focus may move slightly from the challenges of uncertainty [...]
