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David Davies Resigns

UK Brexit Secretary David Davis and two other government ministers resigned overnight, just two days after the ‘soft’ Brexit agreement at Chequers. In Mr Davis’s resignation letter, he argues that the agreement made it ‘less and less likely’ that the manifesto commitment to leave the Customs Union and the Single Market will be delivered. Pro-Brexit […]

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06/07/2018 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • July 6, 2018
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Please find the exchange rates listed at the bottom of the article, the rates are for indication purposes only, for a live quote please contact us. UK PM May hosts the Cabinet at Chequers today, where an agreement on the content of the government’s White Paper on a third post-Brexit trading arrangement, dubbed a “facilitated […]

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Is the Brexit plan unworkable?

UK PM May hosts the Cabinet at Chequers today, where an agreement on the content of the government’s White Paper on a third post-Brexit trading arrangement, dubbed a “facilitated customs arrangement”, will be sought. The White Paper is expected to be published next week. It remains to be seen whether it will have the backing […]

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05/07/2018 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • July 5, 2018
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Please find the exchange rates listed at the bottom of the article, the rates are for indication purposes only, for a live quote please contact us. In the UK, all eyes will be on Bank of England Governor Mark Carney’s speech at 11:00 am in Newcastle. Following the recent run of upbeat UK economic data […]

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70% chance of UK rate hike in August

In the UK, all eyes will be on Bank of England Governor Mark Carney’s speech at 11:00 am in Newcastle. Following the recent run of upbeat UK economic data releases and BoE chief economist Andy Haldane’s surprise shift last month to support an immediate hike in interest rates, market expectations for an August rate hike […]

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04/07/2018 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • July 4, 2018
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Please find the exchange rates listed at the bottom of the article, the rates are for indication purposes only, for a live quote please contact us. The pound edged up this morning ahead of a survey on Britain’s dominant services sector which traders said could lift the currency after decent numbers from the manufacturing and […]

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UK Data Continues To Be Positive

The pound edged up this morning ahead of a survey on Britain’s dominant services sector which traders said could lift the currency after decent numbers from the manufacturing and construction sectors earlier this week. The Services Purchasing Managers’ Index was forecast to come in at 54 for June, in line with the previous month. The […]

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03/07/2018 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • July 3, 2018
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Please find the exchange rates listed at the bottom of the article, the rates are for indication purposes only, for a live quote please contact us. After yesterday’s UK June manufacturing PMI which was surprisingly on the upside (relative to market expectations), we expected a similar positive surprise in the construction report today, with a […]

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UK Construction also beats forecasts

After yesterday’s UK June manufacturing PMI which was surprisingly on the upside (relative to market expectations), we expected a similar positive surprise in the construction report today, with a forecast of 53.0 from 52.5 in May, the figure released earlier came in at 53.1 beating the forecast of 52.5 Th rest of today’s data and […]

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02/07/2018 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • July 2, 2018
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Please find the exchange rates listed at the bottom of the article, the rates are for indication purposes only, for a live quote please contact us. In Europe, political risks are one of the themes this week. Germany’s CSU leader and interior minister, Horst Seehofer, offered to resign after the migration deal at the EU […]

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