Brexit turmoil has helped condemn Britain’s economy to its first quarterly slump in more than six years, official figures reveal today. Output fell by 0.2 per cent between April and June, leaving the country “teetering on the edge of recession”, shocked City economists said. The fall in GDP was far worse than forecast and sent...Read More
GBPUSD Price fell and bounced back up again for the fourth time off the lower daily trendline. Commercials increased their long positions again and Spec shorts are quite high also. There is clear run now till the end of the month in terms of central bank meetings (FED and BOE) so I favour a further...Read More
MPs have voted in favour of a measure that could block efforts by the next prime minister to force through a no-deal Brexit by suspending Parliament. A majority of 41 approved an amendment that blocks suspension between 9 October and 18 December unless a Northern Ireland executive is formed. The pound is trading about 0.36%...Read More
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