Yearly Archives: 2018

Bank of England adjust Q4 growth forecast

21 December, 2018

Yesterday proved to be a fairly positive day for the UK as Novembers retails sales figures saw a boost and the Bank of England had also released their latest interest rate decision and monetary policy statement which didn’t upturn any new surprises. Policy makers voted in line with expectation at 9-0 to keep interest rates […]

Federal Reserve raise rates ahead of BoE meeting

20 December, 2018

Rob Bastin

As UK Politicians continue to argue among themselves and further delay any real progress on Brexit, yesterday provided a host of key data releases to give a refreshing focus ahead of the festive break. The morning announcements were for UK Inflation, with results coming in exactly as expected at 2.3% on the year and 0.2% […]

100 days until Brexit

19 December, 2018

Tom Arnold

Today marks 100 days until the Brexit deadline of 29th March 2019, and despite the best efforts of the government, we are still no clearer to knowing how that Brexit will be enacted. All options remain possible: Theresa May’s deal, including its much-maligned Backstop No Deal Brexit – managed or cliff edge General Election People’s […]

Sterling Pressure Continues

18 December, 2018

Simon Eastman

Sterling traded in a very small range across the board on Monday as markets had little data to go on, alongside the uncertainty surrounding the Brexit deal which continued to be debated. The only data of note came from the Eurozone, which released inflation data in the form of its Consumer Price Index. The figures […]

Embracing the festive spirit

17 December, 2018

Joe Goodwin

Last week it was clear that MP’s were getting into the festive spirit by turning Parliament into the latest pantomime. Last week Teresa may survive the vote of no confidence, securing 63% of the votes. Though she has confirmed she will not be leading the Tories into the next election in 2022. While May remains […]

Theresa survives, for now

13 December, 2018

Nakhil Mahra

After days of guesswork whether or not we will see 48 letters go in to trigger a vote, yesterday proved to be the day. A formal announcement was made yesterday morning that the 1922 committee has received the required number of letters to trigger a vote of no confidence in Theresa May, the day would […]

Should she stay or should she go?

12 December, 2018

Paul Newfield

The UK economy is having a tough time knowing where it stands. On the one hand, we have the slowest house price rises in over 6 years, the lowest shopper footfall since the recession and the manufacturing sector has stalled with car sales way down with unemployment up. On the other, we somehow have an […]

The Pound suffers further following deferred Brexit Vote

10 December, 2018

Grace Rae

Yesterday did not fail markets expectations we saw the Pound take a further hit, losing ground across the board after the government announced the crucial Brexit vote had been deferred following an emergency cabinet meeting held in the morning. The rates immediately dropped as the markets digested the news. In the afternoon the Prime Minister […]

Brexit Debacle Drags On

7 December, 2018

Simon Eastman

Markets remained cautious yesterday as Theresa May dealt with the fallout from being found in contempt of Parliament the other day. Questions arose as to whether she might delay the vote on the Brexit plan, due next Tuesday, after being forced to release details of the legal advice she had sought on the deal, but […]

Deal or No Deal Debate

6 December, 2018

Grace Rae

Markets remained fairly flat throughout the days trading as the Brexit debate presses on. Members of Parliament have been in and out of the house of commons voicing their opinions and Theresa May has continued to stick by her position, incessantly repeating that they will not be revoking Article 50 and that backing her deal […]