Yearly Archives: 2018

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Euro Rises On ECB Sentiment

26 January, 2018

Simon Eastman

Yesterday, following a period of sterling gains, we saw the pound remain rangebound ahead of the European Central Banks rates setting meeting a lunchtime. The event came and went with little surprise, with interest rates and QE bond buying program remaining unchanged, as widely expected. What was a surprise, was the laid back approach presented […]

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Sterling rallies to multi month highs

25 January, 2018

Rob Bastin

After a non-eventful start to the month for the Pound, yesterday saw fortunes start to turn in its favour with Sterling rallying across the board to multi month highs against most major currencies. The biggest gains were seen against the weakening US Dollar, with cable now up 7 cents in just 10 days. GBP/EUR also […]

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Pound – Cash or Bust?

24 January, 2018

Matthew Boyle

The week so far has seen a continuation of recent trends for the major pairings – GBP, EUR & USD. The pound has continued to push the Dollar up, with that remaining weak, whilst GBP>EUR rates have remained range bound for several months now, whilst being sat not far of the best they have been […]

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Pound continues to gain

23 January, 2018

Nakhil Mahra

With a quiet day on the markets yesterday with no major data out, Sterling continued its momentum from Friday gaining on both the USD and the Euro. The rates currently now the highest since May 2016 against the Euro and the highest since Brexit referendum against the USD providing an attractive window of opportunity to […]

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A round up of last week

22 January, 2018

Grace Rae

Early in the week, the UK released the latest inflation figures which came in line with expectations although slipped to 3% from 3.1%, the first decline in six months. The release didn’t have any immediate impact on the rates – possibly another indicator that the pending Brexit trade talks are still dominating the direction of […]

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Pound making progressive gains across the majors

19 January, 2018

Ashley Finill

Sterling has been handed a much-welcomed boost over the past couple of days. On Wednesday the Queens bank Coots gave their forecast on Sterling, they predict that the Pound will gain some much-needed ground on both the Euro and the Dollar in the coming months and off the back of those comments the pound began […]

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Gains made as Queens Bank back the Pound

18 January, 2018

Simon Eastman

Sterling gained strength over the course of Wednesday despite a lack of any data for traders to go off, as Coutts stated they continue to back the pound to make a recovery over 2018. According to the Queens bank, investors should continue to bet on the pound which it sees as a long-term safe bet, mentioning […]

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UK Inflation meets expectations

17 January, 2018

Rob Bastin

Yesterday’s trading saw the first major data released in the UK this month, namely the latest headline inflation figures from December. In November inflation peaked at 3.1% on the year, triggering a letter of explanation to the chancellor from the Bank of England. The Bank of England has however maintained for some time that inflation […]

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Calm before the storm UK takes centre stage

16 January, 2018

Matthew Boyle

Yesterday was a flat day on the market amidst little economic data. GBP>USD remained relatively flat, albeit at the best levels we have seen in nearly 2 years. Those of you who are buying Euros may have seen that GBP>EUR rates have remained trading within a very tight rage for some time now. Since September […]

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GBP hits record highs since Brexit

15 January, 2018

Nakhil Mahra

Last week we saw a flat week of trading up until Friday when markets reacted sensitively to the day’s data. Following a raft of mixed data from the US, with an already weak USD dropping further against the single currency and GBP. GBPUSD hit its highest point since June 2016, this surge was supported by […]

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