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ECB
Asian Markets Waver Despite Strong U.S. Earnings Asian markets were trading mixed on Thursday afternoon, with Japan’s Nikkei 225 and the Shenzhen Composite trading lower, and most other regional benchmark indexes heading higher, despite strong earnings in the United States on Wednesday that sent Wall Street indexes to one-month highs on Wednesday. The gains on...
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Euro Slides on Growth Worries The common currency Euro moved lower during London trade on Tuesday after the latest economic report out of Germany underscored investors’ fears of a widening slump within the Eurozone. According to Germany’s Statistics Bureau, industrial production unexpectedly fell to -1.9 in November (month-over-month), well below the anticipated improvement to 0.3%....
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Threat of General Election Pressures Sterling The Pound Sterling came under pressure against the greenback and Euro on speculation that the Prime Minister will face a challenge from the Labour Party in a general election vote. Theresa May has already low two crucial votes, and the looming Parliamentary vote on her proposed plans for the...
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Brexit Rumors No Help to Sterling Though currently lower, the Pound continues to trade close to a 1-week peak versus the US Dollar. Currency strategists say that the Brexit debate and Parliamentary vote which will take place next week will dominate Sterling trade until then. Analysts still feel that Theresa May will fall short of...
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Despite Uncertainty Ahead, Pound Moves Higher The Pound Sterling continues to move off of the recently struck 20-month trough after it was confirmed that the Prime Minister will ask for the British Parliament to approve her latest Brexit proposal next month. Analysts caution that Theresa May will be fighting the fight of her life in...
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Pound Higher on May Relief The Pound Sterling edged higher during Thursday trade in London after the Prime Minister managed to eke out a win after the Parliamentary no-confidence vote on Wednesday. Analysts say that despite the relief over Ms. May’s success, this time, that the Pound is still unlikely to see too much in...
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