Pound drops on fresh No-deal fears

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. [...]

By |2019-12-17T09:43:27+00:00December 17th, 2019|Currency, Financial, Governments|0 Comments

Pound Stable in run up to election

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 [...]

By |2019-12-11T15:58:39+00:00December 10th, 2019|Currency, Financial|0 Comments

Sterling hits 31-month high against the Euro

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 [...]

By |2019-12-09T11:51:37+00:00December 9th, 2019|Currency|0 Comments

Sterling Under Pressure After Poor Manufacturing PMI

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 [...]

By |2019-12-02T17:08:53+00:00December 2nd, 2019|Currency|0 Comments

Opinion Polls boosts the Pound

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 [...]

By |2019-11-29T09:59:53+00:00November 29th, 2019|Currency, Financial, Governments|0 Comments

Yougov Poll confirms 11-point lead for Conservative party

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. [...]

By |2019-11-27T16:25:12+00:00November 27th, 2019|Currency|0 Comments