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
AUDUSD Seasonal weakness set in from the start of the week as price broke the previous daily low and fell back in the weekly channel. Continue to look for intraday sell set ups this week. Daily traders wait for Phase 2 which is more likely to happen after another push by sellers this week. ...Read More
The European Central Bank left its key interest rates unchanged, sending the euro plunging FTSE 100 down 8 points European Central Bank makes no change to its key interest rates US markets open lower The European Central Bank has all but confirmed it will cut its ratess next month, prompting a sell-off of the euro....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
The Footsie has spent most of the afternoon hovering around the 7,500 level, nursing a loss that has much to do with sterling’s recovery. Rajan Naik, a director of Financial Markets Online, said that “sterling is rejoicing” after an amendment was passed in the House of Commons designed to further complicate any attempt to prorogue...Read More
Sterling gained 0.33% to $1.2472 against the dollar and against the euro one pound fetched 89.9p after MPs backed proposals to make it harder for the next prime minister to suspend Parliament in order to force through a no-deal Brexit. The measure is aimed at Boris Johnson (pictured), the frontrunner to succeed Theresa May as...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
Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Donec sed odio dui. Etiam porta sem malesuada.