News

News

Monday 5th August 2019

Good morning

 

Mark Carney, Governor of the Bank of England said that a no deal Brexit was a ‘significant possibility’ and cut the UK’s growth forecast as well as keeping interest rates on hold.

 

GBP/USD touched a 2 ½ year low of 1.2089 on Friday, opening up around 1.2150 this morning.

GBP/EUR was down around 1.0890 but currently trading at 1.0935.

 

Across the Pond, the US slapped a 10% tariff on Chinese imports which will no doubt end in some sort of trade war.

 

Have a great week.