Yearly Archives: 2017

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Sterling’s Sluggish Week

27 November, 2017

Simon Eastman

Sterling’s performance was sluggish last week as a lack of data meant there was little for traders to move on. This meant we traded within a 1 cent range for most of the week, although finishing on the back foot Friday as sentiment fell to the euro. UK Data An Autumn Statement The only real […]

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Budget or Fudge-it?

23 November, 2017

Matthew Boyle

Yesterday’s focus was on the Pound as we saw the 2017 budget delivered by Philip Hammond to UK Parliament. The market was divided prior as to what the potential impact would be – some suggesting the so-called “Brexit” budget would harm the Pound, whilst others suggested we would, in fact, get a strong budget that […]

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Focus on the budget for exchange rates

22 November, 2017

Nakhil Mahra

Yesterday was a flat day in the markets with no major change during the day’s trading closing more or less where it started the day, holding the gains made yesterday against the Euro on the back of political uncertainty in Germany. Will we see Merkel run again should they have another election? Seen as one […]

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Euro weakness, Sterling gains

21 November, 2017

Grace Rae

Yesterday kicked the week off with sterling gains, the Pound moving slightly up from where it ended last week as the Euro hit some turbulence following news that negotiations to form a coalition government in Germany have failed, when the Free Democrat Party walked out of talks after failing to find common ground with the […]

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Carney comments send sterling lower

17 November, 2017

Ashley Finill

As the currency markets opened this morning, Sterling had already lost some ground on the Euro, this could have been from comments made by Mark Carney on the UK economy earlier in the morning. Being interviewed live on TV at 7am the Bank of England Governor said that since the Brexit vote, the economy has […]

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Mixed Day For Sterling

16 November, 2017

Simon Eastman

Wednesday was a mixed day for sterling as we saw a raft of releases from around the globe affect the pounds trading direction. To start the day, we had UK unemployment, average earnings and claimant count to digest. The claimant count and unemployment rate both came out as expected, with no change from last month, […]

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GBP-EUR drops to 3 week low

15 November, 2017

Rob Bastin

This busy week for the Pound got off to a poor start yesterday with the latest UK Inflation figures coming in lower than analysts’ forecasts. The markets were anticipating a further increase in the headline inflation figure from 3% to 3.1%, which would subsequently trigger a letter to the chancellor from Mark Carney to explain […]

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Pound down following Tory dissent, news of Brexit vote surfaces

14 November, 2017

Matthew Boyle

Yesterday was a quiet day in the way of data releases but one that saw the Pound suffer. News that Theresa May was facing a potential 40 member strong backbench revolt saw the Pound drop over the weekend and as we opened trading yesterday. This is just 8 members short of the required majority to […]

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Brexit Deadline Set

13 November, 2017

Nakhil Mahra

Last week we saw a deadline set for the UK to finally leave the EU; March 29 2019-11pm. Just over 500 days to strike a deal with the EU for a ‘Soft Brexit’, and with the updates and progress from recent talks with may need each minute available to strike a deal. Barnier, on Friday […]

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Brexit talks resume in Brussels

10 November, 2017

Ashley Finill

Brexit talks resume We saw the sixth round of brexit talks resume in Brussels yesterday. With the previous of talks giving no clarity to the Brexit negotiations it is remained to be seen whether these talks will be any different from the last. This week the market has been trading sideways with no major movements, […]

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