Yearly Archives: 2018

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Brexit rumours boost Sterling

5 November, 2018

Rob Bastin

Last week was a perfect example of how sensitive Sterling markets are to any developments with Brexit, be it fact or simple rumour. The week began with the Pound dropping lower for 2 days as the fear of a prolonged negotiation with an increased chance of no deal continued to weigh on Sterling exchange rates. At […]

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Pound improves but for how long?

2 November, 2018

Grace Rae

Yesterday the markets finally saw some improvement for the Pound following the Bank of England’s latest monetary policy statement and inflation report. The MPC voted 9-0 to leave interest rates unchanged at 0.75%  as anticipated and the Governor hinted towards his expectations for the UK, saying we could see interest rates increase should we see […]

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Brexit Positivity

1 November, 2018

Nakhil Mahra

Yesterday seemed to be heading towards another fairly muted day where trading would remain sideways, that until Dominic Raab, the Brexit secretary, suggested a deal can be completed within 3 weeks. In a letter to Hilary Benn, head of the commons Brexit committee, he wrote ‘I would be happy to give evidence to the committee […]

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The Budget for Britain’s Future

30 October, 2018

Rob Bastin

Yesterday’s trading was a very typical day for the end of the month with an absence of any key data to drive the markets. Sterling slipped slightly lower against both the Euro and US Dollar as both the trend and negative sentiment continued to weigh on the pound. Now that any optimism of an imminent […]

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Last week saw the Pound slide back across the board

29 October, 2018

Tom Arnold

Last week saw the Pound slide back across the board amid increased speculation that a No Deal Brexit was becoming a more likely result of the negotiations. Various parties on both sides have signified No Deal is increasingly likely, with each side talking about the plans they would need to have in place to deal […]

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Another Poor Day for Sterling

26 October, 2018

Simon Eastman

Yesterday was another poor day for sterling which saw further declines across the board. The US dollar was the main winner, continuing its recent rally despite mixed durable goods order results, helped by comments from the ECB’s Mario Draghi who remained unchanged on his outlook for future policy. At the meeting the ECB left policy […]

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Pounds struggle continues

25 October, 2018

Matthew Boyle

It has been another tough few days for the Pound. Whilst it has remained steady in recent days against the single currency, as the market continues to digest what will happen with Brexit, against the Dollar it has only lost ground. The Dollar as always remains a safe-haven currency, and with Brexit having an impact […]

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No confidence in Theresa

24 October, 2018

Nakhil Mahra

The Pound has recovered against most currencies during October compared to its recent low levels at the beginning of the month. However that seems to now have peaked, with Brexit talks last week finishing a stalemate with major issues still to be resolved and no clear breakthrough in sight. The biggest stumbling block halting Sterling’s […]

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Is an extended transition period the only option?

23 October, 2018

Grace Rae

With no major data releases of note yesterday, markets were once again open to the risk of Brexit news. With news reports being a bit contradictory yesterday, rates remained in limbo. The morning reports suggested that the deal was 95% done but throughout the afternoon ministers continued to battle over the ongoing Brexit setbacks. Theresa […]

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More Brexit Mishap

19 October, 2018

Paul Newfield

The last couple of days has seen the Brussels summit, which was once seen as the deadline for a Brexit deal to be finalised; it was not to be! There is still no clear solution for the border issue between the Eire and Northern Ireland, which needs to be resolved before any deal is ratified. […]

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