Yearly Archives: 2017

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Pound down following Brexit negotiation stall and accusations of economic over-optimism

9 November, 2017

Matthew Boyle

Yesterday was quiet in the way of economic data releases, but one that saw the Pound down following Brexit negotiations and following a report that suggests the UK is being overly optimistic about its economy. As a result, we saw the Pound lose across the board and notably just over half a cent against the […]

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Market focus likely shifts back over to Brexit

8 November, 2017

Grace Rae

It’s not unusual after a big market event (last Thursday’s Bank of England Interest rate rise) for the market to take a few days to settle. We saw the rates drop off as the result to raise interest rates to 0.50% was announced – the had rate dropped as markets had fully priced in the […]

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Sterling Gains Off Theresa May’s Speech

7 November, 2017

Simon Eastman

Theresa May Speaks To CBI Yesterday we saw a sterling gain as Theresa May made a speech to the Confederation of British Industries conference in London. Sterling managed to correct back some of its heavy losses we saw the end of last week following the interest rate hike. More specifically, after the bank of England […]

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No help for Pound after interest rate rise

6 November, 2017

Robin Haynes

Last week’s widely expected interest rate rise in the UK failed to do what many analysts were expecting, with the Pound actually falling back against many currencies despite the Bank of England’s interest rate rise on Thursday. Normally for the Pound after interest rate rise, we would expect to see an improvement in exchange rates, […]

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Careful what you wish for

3 November, 2017

Paul Newfield

Yesterday at noon, the much anticipated BoE interest rate decision was disclosed, the repercussions of which were completely unexpected. The rate change came in at 0.5%, up from the previous 0.25%. The effect of which was, however, a mirror image of what Euro buyers had hoped. It was a prime example of exactly why you […]

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Will they or won’t they

3 November, 2017

Nakhil Mahra

Sterling continued its recent momentum starting of November on the front foot and continuing its rally that started on Friday. The recent gains were boosted further yesterday with a fifteenth consecutive increase in the UK manufacturing sector. Manufacturing PMI grew to 56.3 for October compared to 56  for September, anything above 50 indicates a increase […]

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Sterling holding up against Euro

3 November, 2017

Grace Rae

Brexit Talks Speed Up Yesterdays trading day was highly volatile with various spikes happening throughout the afternoons trading. There were some positive Brexit related reports that the EU’S chief Brexit negotiator Michel Barnier had said that he the agenda and dates for the next round of Brexit talks would be set and that he was […]

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Pension Incomes in Europe – Are you prepared?

2 November, 2017

Matthew Crisp

Pension Incomes in Europe For as long as I have been working in the foreign currency industry (11 years) I have dealt with thousands of individuals that have moved overseas to retire or to seek new opportunities, most of which have been retirees. The average age of an overseas home buyer is around 50 years […]

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Pound Rallies As Month Ends

31 October, 2017

Simon Eastman

Yesterday saw the pound rally as the month draws to a close, helped by speculation over what the Bank of England will do with interest rates when they meet on Thursday. Markets are split over whether we will see an interest rate rise when they meet, the first in over a decade. We see an […]

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Catalans claim independence but Madrid hold firm

31 October, 2017

Ashley Finill

Sterling was provided with a slight boost on Friday afternoon as the Catalans declared independence. However the Spanish parliament in Madrid have approved direct rule over the region and have since dissolved the Catalonia parliament. Tensions are high in Spain with both the Catalans and the Spanish government not willing to stand down, although independence […]

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