Yearly Archives: 2019

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Yesterday saw sterling edge up against most major pairings

18 September, 2019

Simon Eastman

Yesterday saw sterling edge up against most major pairings in the afternoon as the recent negative sentiment towards UK financials appeared to ease. This coincided with the start of the hearing at the supreme court, which is hearing the appeal brought against the ruling Boris Johnson acted unlawfully by proroguing parliament, lying to the Queen, […]

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Last week we have seen some consistent gains for Sterling

16 September, 2019

Luke Dyson

Looking back over the last week we have seen some consistent gains for sterling with a 14 week high for GBP/EUR and an 8 week high for GBP/USD. With GBP/EUR hitting its largest intraday gain Friday since the beginning of August. This sudden rally is from speculation that changes may be made to soften the […]

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Parliament Suspended

11 September, 2019

Ashley Finill

This week Sterling has enjoyed a rally on the Euro gaining over a cent on the Euro since Monday opened for trading. As we have seen previously with any gains for the Pound these gains can be short lived. Members of parliament have now managed to legislate against a no-deal Brexit whilst also denying the […]

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Sterling strength as No Deal Brexit fears diminish

9 September, 2019

Grace Rae

Safe to say this past week has been a bit of a mess for UK Parliament. Multiple Tory sackings, opposition parties not backing the Prime Minister’s attempts to bring forward a general election ahead of the EU October summit, rumours of an election pact, and the House of Lords passed a bill to prevent a […]

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Uncertainty is the name of the game

6 September, 2019

Tom Arnold

What a week it has been on the markets… The tumultuous goings-on in Westminster have completely dominated the markets this week, and have for the most part been kind to the Pound. Having reached near multi-year lows against both the Euro and the US Dollar in the last couple of weeks, this week has seen […]

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Eye of the Brexit Storm

4 September, 2019

Rob Bastin

Yesterday parliament returned from summer recess and with it the Brexit agenda is firmly back on the table. Boris’s careless approach of using a no-deal Brexit as negotiating leverage with the EU has infuriated many MP’s in commons, including those in his own party. This had lead to MP’s from varying parties to come together […]

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Boris Budges Britain Back to Brexit Brink with Ballsey Break-up

2 September, 2019

Sam Roberts

Welcome to another ‘edge of your seat’ episode of ‘What Boris Did Next’ with twists turns, proroguing, sackings and some surprise moves by the supporting cast of opposition politicians. Firstly Boris Prorogues Parliament. This is a formal term used for the end of a Parliamentary session. Normally marked with a ceremony in the House of […]

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Yesterday saw the pound climb back up to Friday’s levels

28 August, 2019

Simon Eastman

Yesterday saw the pound climb back up to Friday’s levels, having dropped back on the non-trading, Bank Holiday Monday. The rise came as increased media chatter surrounding opposition parties ongoing attempts to prevent a no-deal Brexit come the end of October. Labour has stated they will seek to pass a law that would force the […]

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Angela Merkel open to the idea to renegotiate the Irish backstop

27 August, 2019

Luke Dyson

After the Brexit progress last week with Angela Merkel open to the idea to renegotiate the Irish backstop. It has now given the markets that glimpse it has needed to put some strength back into sterling as now a deal being struck by the 31st Oct cannot be completely written off. It has now created […]

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Sterling rally’s after Boris meets Merkel

23 August, 2019

Ashley Finill

This week there has been some respite for Sterling as we have seen the GBP/EUR rate climb to it’s highest point in just over 2 months. This came after Boris Johnson met with the chancellor of Germany Angela Merkel to hold talks about what his plans are with Brexit. The meeting seemingly went well with […]

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