Posts Tagged ‘Parliament’
Another tough week for the Pound
GBP Last week the Pound fell by almost 4% against the euro due to the release of the Internal Market Bill which in the governments’ own words would breach international law. Boris Johnson said the bill is intended only as “a legal safety net designed to protect our country against extreme or irrational interpretations”. But…
Read MoreECB hold rates until 2020
EURO The European Central Bank pushed back their rate guidance on Thursday and pledged to remain on hold at least through the first half of 2020. The Euro rallied in response as the Governing Council stopped short of opening the door to a rate cut. EUR/USD made further gains on Friday and closed above $1.13…
Read MoreA vote for a vote for a vote
STERLING At 11:20am this morning, the Prime Ministers spokesperson confirmed the parliamentary vote was still going ahead tomorrow. Just thirteen minutes later, leaks from inside the government to the contrary had GBP selling off against all its major peers, currently down 1% against the US Dollar and 0.65% against the Euro for the day. To…
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