Volatile Start to the Week for UK Currency The pound remained fairly subdued towards the end of last week as Thursday and Friday saw low trading volumes as many decided to take Thursday and Friday as bridging days to extend the festive period. However, on Monday we saw some [...]
Sterling loses one percent over night Traders awoke to more volatility this morning with reports coming out that Boris and his ‘Blue wall’ are planning on adding an amendment to the Brexit withdrawal bill which will rule out the chance of any further delay to negotiations with the Bloc. [...]
YouGov Poll Predicts Tory Majority The pound nose-dived against the single currency as markets opened on Wednesday morning after the latest, and last, YouGov poll showed a narrowing of the gap between the Tories and the Labour party. As a result, GBP/EUR dropped into the law 1.18’s but then [...]
GBP/EUR sitting in high 1.18’s The pound has been relatively stable over the past two days trading and still holding on to its multi month highs against the other majors. With a lack of opinion polls being released there hasn’t been much for investors to move on. Most are [...]
14-point lead for conservatives The Pound has hit a fresh 31- moth high against the Euro today after two polls showed gains for the Conservative party and losing for Labour. This has pushed the odds for a Conservative majority to 80%, confirming expectations that Boris Johnson remains on track [...]
Tough Day for US Currency The pound traded within a narrow range against the euro on Wednesday but made decent gains against the US dollar, rising by 0.4%, to end the day just shy of a seven-month high against the US currency. There were no significant data releases from [...]
GBP/EUR back in the 1.17’s The Pound has managed to claw back most of its losses against the Euro and Dollar after a fall in the rates yesterday afternoon. Against the Euro the Pound has managed to clear 1.17 and 1.30 again against the Dollar. This is around 0.4% [...]
Poor Start to December for Sterling The pound lost ground against the euro on Monday as Manufacturing PMI data from the UK confirmed a contraction in the sector for the seventh month in a row. Brexit uncertainty, the impending general election and a slowdown in global growth have all [...]
GBP/EUR breaks €1.1750 On the back of the most recent YouGov opinion poll GBP received another welcomed boost to hit the highest rates we had seen for nearly a month. The Poll which was released at 22:00 on Wednesday claimed that the Conservatives would walk the upcoming election in [...]
Pound Steadies after poor start to the week The Pound has managed to recover most of its losses against the Euro, US Dollar and other major currencies that we saw yesterday after the latest YouGov poll steadied sliding expectations for a Torie majority in the Dec 12th general election. [...]
