Poor Inflation figures weaken Pound

Will the BoE cut rates? UK inflation figures were published yesterday morning (9:30am) which came in at the lowest reading seen for the past three years (Nov 2016). The rate dropped to 1.3%, down on the anticipated 1.5%. This has raised fears of a potential interest rate cut by [...]

By |2020-01-16T10:22:41+00:00January 16th, 2020|Currency, Financial, Governments|0 Comments

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

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

Pound gains on voting polls

A lack of data from the UK this week will allow the exchange rates to be dominated by Brexit and opinion polls once more. In the early trading hours of Monday morning GBP sellers were pleased to see that the Pound had strengthened against all the major currencies by [...]

By |2019-11-19T16:57:58+00:00November 18th, 2019|Currency, Financial, Governments|0 Comments

Pound strengthens on UK data

The pound saw more positive gains today hitting highs not seen since May this year. GBP/EUR picked at €1.1673 and the cable rate finished the days trading in the mid to high $1.28’s. Wage growth in the UK slowed in the previous quarter but analysts and investors seemed to [...]

By |2019-11-12T17:36:59+00:00November 12th, 2019|Currency, Financial|0 Comments

Deal agreed, all eyes now on Saturday

News broke yesterday of Boris Johnson and the EU finally agreeing a deal for the UK to leave the EU. Finally. Once news broke of the agreement the Pound began to surge to levels not seen for the past 5 months. GBP/USD was in touching distance of hitting $1.30 [...]

By |2019-10-18T10:29:13+01:00October 18th, 2019|Currency, Financial, Governments|0 Comments

Pound swings on Brexit rumours

Another volatile day on the currency markets yesterday with the Pound seeing movement of over 1 cent against the Euro, to over €1.16, and a cent and a half against the USD, breaking through $1.2850. The moves yesterday can be attributed to the many rumours coming out in relation [...]

By |2019-10-17T09:16:33+01:00October 17th, 2019|Currency, Financial, Governments|0 Comments
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