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EUR weekly currency update

Two major factors helped shape the euro's week: politics and the European Central Bank. In the end they cancelled each other out and the euro was unchanged...

There was no shortage of action or excitement. Between Monday morning and Wednesday morning Germany's DAX equity index dropped more than 6%, mirroring similar declines in Britain and elsewhere....

It was not a bad week for the euro but there was little cause for celebration. It took half a cent off sterling and lost a quarter of a US cent. Investors continued to be rattled by Italy's...

GBP
The pound remained stable at the start of the week despite the continuous rumours of instability in the UK government over its draft Brexit deal, but the pound is inextricably tied to...

GBP
As Harold Wilson remarked in the run-up to the 1964 election, ‘A week is a long time in politics.’ It probably seems like that to PM May after a week of high political...

GBP: Last week, Mark Carney met with concerns over post-Brexit monetary policy; the Bank of England stated that it is not a given that a no-deal Brexit would lead to lower interest rates. The...

GBP: The big expected news this week was the Chancellor’s budget statement. In the end, there was no change to sterling after the announcement of a number of measures aimed at stimulating growth....

GBP: At the end of last week, the market was taking the PM at her word that the Brexit deal was 95% settled, although the final 5% looked largely centred on the thorny issue of the Irish border...

GBP
As usual, most of the pound’s focus was on Brexit but this week there was a greater sense of optimism than there had been in a long time. There is a sense that Downing Street moving...

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