Yearly Archives: 2019

Christmas currency news

23 December, 2019

Simon Eastman

Last week we saw sterling back under pressure, as Boris Johnson effectively put leaving without a deal, back on the table. He said he wanted to pass legislation so the transition period, once we leave, cannot be extended past a year. But if no EU trade deal is agreed upon by then, we could still be […]

Bank of England results voting 7-2 in favour of keeping the current level

20 December, 2019

Midday yesterday, Bank of England results showed the bank’s monetary policy committee voting 7-2 in favour of keeping the current level, therefore maintaining the current 0.75% interest rate. Immediately following this decision we saw a brief increase in the strength in the pound with sterling trading slightly higher against the dollar. However, this increase did […]

Sterling strength cut short on renewed No-deal Brexit worries

18 December, 2019

Grace Rae

Markets woke to news yesterday that the Prime Minister had decided to block any further extensions to the Brexit transition period and in doing so giving the UK a firm deadline to negotiate a trade deal in time for our exit from the EU on the 31st October. Parliament is set to be officially open […]

Exchange rates higher as election result confirmed

13 December, 2019

Simon Eastman

With the election results still coming in, it’s announced Boris Johnson and his Conservative party have won a majority. With this predicted in the exit polls last night, we saw sterling jump 2.5 percent against both the euro and US dollar, dropping back before gaining again overnight as it became clear the exit poll was […]

Best exchange rates since 2017

11 December, 2019

Rob Bastin

Sterling exchanges rates have benefitted hugely this last week as markets continue to price in the most likely election outcome of a Conservative majority. GBP/EUR peaked on Monday at the best buying levels seen since May 2017, and similarly against the USD with highest rates since April during yesterday’s trading. The polls however have shown […]

Election week is here

9 December, 2019

Matthew Boyle

This week we have the UK General election on Thursday evening when we will see who wins to head the newly formed government, and what path Brexit takes in the coming months. This is a critical time for the Pound and indeed the country, as the result is pivotal as to how we move forward. […]

Election only days away

6 December, 2019

Ashley Finill

This week sterling has been handed a big boost against both the Euro and the Dollar as a 2nd YouGov poll has again suggested a conservative major is increasingly more likely. On the back of the latest poll, Sterling rallied well over a cent on both the majors and we are now trading at nearly […]

9 Days to Go!

4 December, 2019

Luke Dyson

With the General election only 9 days away, tensions are beginning to get high as the ten polling companies give indications on the current voting intentions ahead of the 12th Dec. Now with nine out of the ten companies suggesting Labour has dramatically increased their vote share by a minimum of 5%, it seems Labour […]

Election Looming

3 December, 2019

Ashley Finill

As we enter the month of December and the Christmas period looming, ordinarily we would be preparing for festivities and the new year ahead, however for the first time in over 70 years a Christmas general election is to be held to scupper any early celebrations. The various parties have been campaigning in full force […]

Boris poll pushes Pound higher

29 November, 2019

Robin Haynes

Sterling moved back to near the top if its recent trading ranges yesterday, following a reputable poll overnight predicting a Conservative majority of 68 seats at the election in a couple of weeks’ time. There was a fresh high for the Pound against the Euro since May, and GBP-USD was close to achieving the same […]