Yearly Archives: 2019

Focus on Data as Brexit noise fades to background

15 April, 2019

Last week was a fairly quiet week in the way of rate movements, with GBP rates remaining subdued after the recent news of a Brexit extension to Halloween. Strong data for the EUR and USD helped keep rates low, for the Pound in these pairings, as the market focus now seems to be slowly shifting […]

6 more months of Brexit

11 April, 2019

Rob Bastin

Yesterday’s trading was relatively muted as markets await the outcome of last night’s emergency EU summit, to see if the EU would approve a requested extension, and if so to what end and what timeframe. Financial market’s have become understandably nervous as this approval goes down to the wire with just 24hrs left before the […]

Flextension

10 April, 2019

Joe Goodwin

With the UK set the leave the EU on Friday, yesterday Theresa May held last-minute talks with Angela Merkel and Emmanuel Macron to further delay the Brexit leave date to 30th June. However, after the talks, Angela Merkel said that a delay to the start of 2020 was a possibility and a ‘flextension’ – a […]

Will the UK be leaving the European Union by default on Friday?

9 April, 2019

Grace Rae

Over the past few months rates have been sitting within a 2 cent range as the will we/won’t we exit the EU saga endures. However, rates against the Euro began to dwindle throughout the day yesterday, pushing towards the lower end of rate range as anticipation over the looming default Brexit day draws closer. With […]

Deadline Week for Brexit

8 April, 2019

Tom Arnold

As we have seen for the past few months, Sterling’s fortunes are almost entirely dependant on the ups and downs of the ongoing Brexit situation. This was no different last week, with the Pound enduring something of a rollercoaster as we saw a series of critical votes in the House of Commons give us the […]

Once, Twice, Three Times Theresa

5 April, 2019

Samuel Roberts

The Governor of The Bank of England Mark Carney’s words still ring in the ears of many British Citizens and colleagues in the Financial Industry. ‘The risk of Britain stumbling into a “disorderly” no-deal Brexit is now “alarmingly high’. We all know how we got here, through a blend of indecision, hidden agendas and plain, […]

No Deal Brexit A Growing Concern

4 April, 2019

Simon Eastman

Tuesday night saw the pound increase after reports Theresa May would meet with Labour leader Jeremy Corbyn, to try and see if cross party talks could save Brexit. As a result we came in yesterday to rates up nearly a cent from the day before. This rally was short lived as Markit services PMI was […]

Mays announcement sees Pound strengthen

3 April, 2019

The pound is trading higher across the board this morning following Theresa Mays announcement that she is prepared to engage in cross-party talks to reach a consensus on a Brexit deal, in order to find a majority in the House of commons. As a result, the Pound has gained strength, as it is more likely […]

Another round of Brexit votes

2 April, 2019

Nakhil Mahra

We should have been out of the EU already, one way or another, but here we are 2nd April with another round of votes just concluded. Last night, the MPs voted on four alternative options. • Customs union • Common Market 2.0 • Confirmatory public vote • Parliamentary supremacy 3 of them seeing us stay […]

Pound resilient despite continued uncertainty

1 April, 2019

Robin Haynes

It hasn’t been an easy few weeks for anyone sending payments abroad – we were supposed to have left the EU on Friday last week, but there is still no clarity on how, if, or when it will happen. The Pound has been run ragged with the constant changes in likely outcomes but has held […]