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 [...]
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. [...]
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 [...]
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 [...]
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 [...]
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 [...]
Crunch time for Brexit talks. As always on a Monday we look at what may move the markets and affect how much you pay for your currency. Last week saw a 4-cent swing in GBP/EUR in what proved another volatile time for the Pound, you can expect more fireworks [...]
It was a relatively quiet week on the currency markets last week. With no real news coming from Brexit talks and all data points coming in close to the anticipated GBP crosses remained quite flat. GBP/EUR peaked at €1.1304 before settling in the mid €1.12’s. There was slightly more [...]
Boris Johnson finally released his new Brexit plan and sent it to his counterparts in Brussels yesterday afternoon. The news didn’t come as any shock to the markets and GBP crosses remained relatively flat, much like the rest of the week so far. Boris’s deal focuses mainly on the [...]
The week ahead GBP/EUR remained within a one cent range last week hitting a high of €1.1352 and a low of €1.1251, with a lack of Brexit developments and not major data points being published last week this was an expected move for the cross to be stuck within. [...]
