Yearly Archives: 2018

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The Pound weakens over new Brexit uncertainty

4 September, 2018

Pratheep Prabaharan

Last week, people looking to buy a property overseas were worried as UK markets were closed on Monday and all other markets took chance to further sell down the Pound against Euro, finding the Pound at 11-month lows against the Euro. The pound strengthened across all major currencies mid-week as Chief EU Negotiator Michel Barnier […]

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Sterling reaching its best exchange rate since 21st August

31 August, 2018

Pratheep Prabaharan

Earlier this week, people looking to buy a property overseas were worried as UK markets were closed on Monday and all other markets took chance to further sell down the Pound against Euro, finding the Pound at 11-month lows against the Euro. Since then we’ve gained just over a cent on GBPEUR rate and 1.5 […]

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Barnier Gives Glimmer Of Hope For Deal

30 August, 2018

Simon Eastman

Sterling jumped yesterday afternoon as the US posted new homes sales figures, which came out lower than expected. This was nothing to do with the data of course, but actually as reports filtered out from the Chief EU Negotiator Michel Barnier that “the EU is ready to offer the UK a deal like no other” […]

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GBPEUR hits new YTD low

29 August, 2018

Rob Bastin

The return from the bank holiday weekend was something of a worrying one for people looking to buy property in Europe currently. With the UK markets closed on Monday the rest of the markets took opportunity to further sell down the Pound against the Euro, following a number of comments over the weekend from Brexit […]

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GBPEUR hits 11 month low, no data leaves Pound exposed to further losses

28 August, 2018

Matthew Boyle

Last week was a poor one for the Pound across almost all currencies bar the Dollar, which weakened amidst political trouble for Donal Trump. This morning as we return from the Bank holiday weekend we find the Pound at 11-month lows against the Euro. Some string German IFO data yesterday, combined with the fact that […]

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Reality check guides should we see a no deal Brexit

24 August, 2018

Simon Eastman

Yesterday saw the release of around a third of the government reality check guides should we see a no deal Brexit in March next year. Dominic Raab released the papers to give an idea of what conditions may be like should this scenario happen so businesses and households can be prepared for how life might […]

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Trump news sees Dollar weaken – further drop in GBPEUR rates likely

23 August, 2018

Matthew Boyle

Amidst little economic data releases this week, politics takes centre stage and continues to drive the market and exchange rates. With Donald Trump now firmly in the spotlight, cries for impeachment are increasing following his ex-lawyer Michael Cohen pleading guilty to violating finance laws during the 2016 presidential campaign, and as a result, the USD […]

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US Dollar on the back foot

22 August, 2018

Tom Arnold

The last 24 hours have seen something of a turnaround in recent trends on the currency markets, with the up until now very strong US Dollar suddenly on the back foot. The conviction of a former Trump aide, together with the testimony from Trump’s former lawyer, indicating Trump was directly involved in the distribution of […]

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Another quiet day ahead of BoE on Wednesday

21 August, 2018

Grace Rae

Following a quiet start to the week, rates have continued to trade at similar levels we have seen of recent. GBP/EUR remained trading within a tight range making it a flat trading day. It’s likely we could see another quiet day today as market get ready for Mark Carney’s Testimony tomorrow at the Bank of […]

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Sterling begins week under pressure

20 August, 2018

Nakhil Mahra

With a fairly quiet last week for the major pairings in comparison to what we saw before it provided an opportunity for Sterling to gain back some of the losses, however, this proved far from easy. With mixed data from Europe and the UK trading remained within half a cent on GBPEUR. There was more […]

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