Yearly Archives: 2018

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Flat Trading Ahead Of UK Inflation

19 September, 2018

Simon Eastman

Tuesday saw sterling keep the gains it had made recently and hold steady as another day passed with little data releases of note. Against both the USD and EUR, sterling traded within a half-cent range all day. As China retaliated to recent trade threats from the US saying it would not be sending a delegation […]

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Sterling exchange rates at 6 week high

18 September, 2018

Rob Bastin

The week got off to a very flat start for the pound with no data releases due until Wednesday and Thursday. In contrast, the US Dollar continued to weaken further following Friday’s softer inflation figures, combined with a general increase in risk sentiment over the last week. GBP/USD gained around 0.6% throughout the day, peaking at […]

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Lack of data may threaten sterling gains

17 September, 2018

Paul Newfield

Last week, the pound managed to make gains of around a cent against the euro and a couple of cents against the greenback. The majority of ecostats that came in over the week were actually better than expected, with only industrial and manufacturing production down on the previous months’ level. Current levels are under threat […]

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No Deal Brexit advice papers released

14 September, 2018

Grace Rae

Markets were fairly muted yesterday following the interest rate decision from the Bank of England. The MPC unanimously voted 9-0 to leave rates unchanged at 0.75%, and keep bond targets and asset purchase facility as is. The European Central bank however had mentioned a subtle change will be made to end bond purchases at the […]

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BOE and ECB Interest rate decision day

13 September, 2018

Grace Rae

The main topic of interest for market today will be the interest rate decision for both the Bank of England (12:00) and the European Central Bank (12:45). Although markets at are not expecting any change from either bank’s rate wise, with the UK’s rate remaining at 0.75% and the ECB at 0%, there have been […]

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Potential Brexit Deal strengthens Sterling across major currency pairs

12 September, 2018

Pratheep Prabaharan

The beginning of the week saw the GBPEUR rate spike up over half a cent. The pound strengthened following comments from EU chief negotiator Michael Barnier during a speech in Slovenia. He stated that we could expect a Brexit deal in 6-8 weeks. It was also mentioned in the news that November 13th is the […]

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Comments from Michel Barnier push exchange rates up

10 September, 2018

Simon Eastman

The week ended well for sterling seeing some of the highest trading levels in weeks against a basket of currency majors. The pound was helped by comments from Michel Barnier, who was quoted Friday afternoon as saying some of the white papers released from the UK would be “useful”, indicating some softening to his current […]

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Non-Farm Payrolls takes centre stage

7 September, 2018

Rob Bastin

Yesterday was a very quiet day on the markets following Wednesday’s volatile swings in Sterling rates. With no data released and a lack of Brexit headlines, the pound was able to take a breather yesterday and traded in a tight range against most major currencies. Cable finished the day much were it started and GBP/EUR […]

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Fake news strikes again

6 September, 2018

Paul Newfield

An unusual day on the markets yesterday and a perfect illustration of how volatile rates currently are and how an uplift cannot be taken for granted for a continuation, as there was a supposed breakthrough in Brexit talks. Word was received that an agreement by the German government to accept a less detailed agreement on […]

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Brexit events coming up

5 September, 2018

Nakhil Mahra

Yesterday was the first day the UK parliament returned from its summer break with so much left to be discussed surrounding Brexit, we can expect some announcements in the coming weeks. Yesterday was one of those announcements, with Carney looking to stay put and ‘do what he can’ to ensure we have a smooth Brexit. […]

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