Yearly Archives: 2018

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EU Summit Comes to a Close Today

18 October, 2018

Simon Eastman

As the EU summit kicked off yesterday, all eyes were on the Brexit talks to see if any progress could be forged. With no announcements likely to come until this evening though, markets were left to deal with the usual eco stats which we had in abundance. For the pound it was initially bad news, […]

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All eyes on EU summit

17 October, 2018

Rob Bastin

After a big drop over the weekend, the Pound has slowly recovered these losses in the last couple of days. This recovery was largely triggered yesterday morning after the results of August’s Unemployment data for the UK. Whilst there were no surprises with the headline rate which remained at 4%, there was a pleasant upside […]

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Time is Running Out as EU Summit Looms

16 October, 2018

Matthew Boyle

The week so far has been a poor one for the Pound, particularly against the single currency and as the EU summit approaches in 48 hours on Thursday. Sunday’s media reports told of no agreement following a meeting between UKs Dominic Raab and EU negotiator Michel Barnier, and as such the start of this week […]

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Key week for the Pound

15 October, 2018

Nakhil Mahra

Friday saw the Pound lose almost a cent against the Euro after showing much promise earlier in the week trading at 4 months high. The correction on Friday, largely expected by analysts, due to profit-taking after it’s recent peaks saw GBP lose ground on it’s major pairings and now enters this key week back in […]

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Brexit talks continue at Downing Street as the deadline looms

12 October, 2018

Grace Rae

Yesterday evening a few key ministers gathered at Number 10 to meet with the PM to discuss crucial Brexit talks as the deadline looms closer. They will be needing to finalise their deal offer ahead of the final EU summit in November, however, there is still plenty to iron out. There were no big headlines […]

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Pound up three cents against the Euro

10 October, 2018

Tom Arnold

Following a few weeks of Brexit uncertainty limbo on the currency markets, we have finally seen some definitive movement and for those of you with Sterling in hand and a currency requirement overseas, it has been good news, with the Pound up three cents against the Euro and two cents against the US Dollar, in […]

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Flat start to the week for Sterling

9 October, 2018

Simon Eastman

Flat start to the week for sterling with no data of note from the UK. Generally, global markets were quiet as the US celebrated Columbus Day and Canada enjoyed Thanksgiving while we only had industrial production figures from the EU and Germany. As a result, having made big gains last week, the pound managed to […]

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3 month high for buying Euros

8 October, 2018

Rob Bastin

Last week’s trading saw the biggest weekly gain against the Euro since November 2017. Most of these gains came from a suffering Euro as focus shifted to the Italian budget deficit, which has now been agreed and set at 2% rather than 2.4%. The end of the week, however, saw a welcome bit of positivity […]

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Luck of the Irish, or bordering on fake news?

5 October, 2018

Matthew Boyle

This week has been a busy and positive week for the Pound. Following a well-received conference speech by Theresa May (any robot dancing aside) we have seen the Pound gain, amidst renewed optimism over a trade deal being reached, and one that would still allow the UK to take a seat at the World trade […]

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Trading remains sideways

4 October, 2018

Nakhil Mahra

Yesterday saw the recent market trends continue with trading remaining sideways and within a half a cent range. With the markets seemingly Waiting for any Brexit updates before the next major movement, and with several key dates approaching these movements won’t be far. With the EU summit only 2 weeks away and key Brexit speeches […]

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