GBP/EUR drops back into the 1.19’s

Has the Pound Topped out? The Pound has retreated from its 2020 highs against the Euro, falling from 1.2074 on Tuesday back to the mid 1.19’s this morning. The decline comes during ongoing concerns that the UK and EU are moving further apart on the matter of trade, with [...]

By |2020-02-20T10:52:30+00:00February 20th, 2020|Uncategorised|0 Comments

Pound Weakens as Bank of England policy makers hint at possible rate cut

UK Economic Growth slows to weakest since 2012 Yet another BOE policymaker has suggested the idea of cutting the central bank’s main interest rate. Gertjan Vlieghe has said he will consider voting for a rate cut depending on how the economy has performed since the December election. The main [...]

By |2020-01-13T10:06:38+00:00January 13th, 2020|Uncategorised|0 Comments

Sterling Falls After Bank of England Announcement

Sterling Drops After MPC Rate Announcement The pound fell against both the euro and the dollar on Thursday after two of the nine members of the Monetary Policy Committee voted in favour of an interest rate cut at this month's meeting. The minutes revealed that Jonathan Haskel and Michael [...]

By |2019-12-19T16:43:15+00:00December 19th, 2019|Uncategorised|0 Comments

Conservatives win with a majority

Sterling hits 31 month-high against the Euro The Conservatives have won their biggest majority at Westminster since Margaret Thatchers 1987 election victory. Labour, which has lost seats across the North, Midlands and Wales in places which backed Brexit in 2016, is facing its worst defeat since 1935; while Jo [...]

By |2019-12-13T08:54:17+00:00December 13th, 2019|Uncategorised|0 Comments

Sterling hits multi month highs against major currencies

Seven-month highs against USD and 2.5 year high against Euro The Pound moved higher against all of it's peers today after more opinion polls suggested that the Conservatives will win the upcoming election with a majority and will finally be able to push through Boris’s deal with the EU. [...]

By |2019-12-04T16:07:40+00:00December 4th, 2019|Uncategorised|0 Comments

Lack of data keeps markets flat

There was a lack of data released across the board today and on the back of that, the currency exchange markets remained relatively flat. There was a raft of Eurozone Services PMI’s published in the early trading hours but as they aren’t closely scrutinised by investors and the figures [...]

By |2019-11-06T17:13:54+00:00November 6th, 2019|Uncategorised|0 Comments

Brexit update- 21/10/2019

John Brecow rules against government trying to get another vote on Brexit deal Britain’s parliamentary speaker John Bercow has told the government today that it could not vote again on Prime Minister Boris Johnson’s Brexit deal because it poses the same question to parliament twice and it would be [...]

By |2019-10-21T16:29:04+01:00October 21st, 2019|Uncategorised|0 Comments
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