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

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

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

Boris puts forward new deal to EU

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 [...]

By |2019-10-03T12:11:55+01:00October 3rd, 2019|Currency, Financial, Governments|0 Comments

What could move the markets this week

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. [...]

By |2019-09-30T10:22:39+01:00September 30th, 2019|Currency, Financial, Governments|0 Comments