Yearly Archives: 2019

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Parliament to grater take control over Brexit conclusion

26 March, 2019

Rob Bastin

As March comes to its end, so too does the 2 year stop clock for Article 50. With data few and far between at this time of the month, the focus is fully on the last minute developments on Brexit which are now moving at an increasing pace. Having agreed to conditional extensions with the […]

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Chequers success or check-mate for May

25 March, 2019

Paul Newfield

Despite being a day with very limited UK data, Friday saw the pound climb slightly more than the two cents it lost during Thursday’s trading, with levels back up to the highs of the start of last week. This was largely due to poor data across the board from Europe, with Markit PMI, services and […]

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No Deal Brexit A Real Concern

22 March, 2019

Simon Eastman

Yesterday we saw the pound tumble further, following the speech late on Wednesday, which saw sterling slide across the board. Traders came into a weakened pound on Thursday, which continued to slide throughout the day as concerns grew we might leave the EU in a weeks’ time without a deal by default. With UK ministers […]

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O Brexit, Where Art Though?

21 March, 2019

Samuel Roberts

Well, yesterday was about as interesting as the Brexit has been so far. Yesterday evening, Theresa May gave an impassioned speech from Downing Street stating that she is not prepared to delay Brexit talks beyond June 30th, as she is tired of the political infighting.  It would mean us having to vote in upcoming European […]

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E.U talking Turkey, or will Brussels sprout objection to an extension?

20 March, 2019

Matthew Boyle

With 9 days to go until the UK is expected to leave the E.U, it is likely that Theresa May in her letter to EU Council President Donald Tusk an extension to the 30th June, in a bid to buy more time to find a way forward. Whilst the date for this extension request has […]

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Three Strikes And Out

19 March, 2019

Bradly Ronan

Brexit Watch Yesterday we saw some movement but overall ending half a cent down on the Euro. Following May’s grizzling defeat, losing by 149 votes means that’s the second time she’s failed to deliver her version of Brexit, but will she push for a third? John Bercow had yesterday ruled out another vote on May’s […]

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Pound holds gains

18 March, 2019

Nakhil Mahra

So after a busy last week, a week that saw Theresa May lose her grip off the current Brexit situation and now a delay to proceedings which will see us part of the EU, till June if not longer. The length will vary on outcomes this week, with Theresa May stubbornly bringing her deal back […]

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Brexit deadline dates looks to be less and less realistic

15 March, 2019

Grace Rae

This week has been a great example of how Brexit sentiment can control the currency markets. On Tuesday, the Pound rallied following news that new assurances on the backstop had been made, which provided great exchange rates for those with Sterling in hand, although this was short lived as hours later the Attorney General confirmed […]

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UK avoids epic banana skin

14 March, 2019

Joe Goodwin

Yesterday evening parliament voted to take “No Deal” off the table entirely. The motion to reject a no-deal Brexit under any circumstances was passed by a majority of 43: 321 to 278. As a consequence, the pound made further gains against the euro and US$. 12 MP’s including cabinet ministers defied the three-line whip and […]

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Rollercoaster crash for May’s deal

13 March, 2019

Tom Arnold

Yesterday was a critical day in the unfolding Brexit story, and as a result, we had a rollercoaster of a day on the currency markets. It started with news overnight that Theresa May and Jean Claude Juncker had agreed legally binding assertions in the form of a new “joint instrument”, designed to help limit the […]

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