Yearly Archives: 2019

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Inflation Rules The Day

14 February, 2019

Simon Eastman

We hit mid-week yesterday and the pound was still floundering, moving up and down in a half-cent range against the euro and 1 cent range against the stronger US dollar. The UK eco stats were led by the key consumer price index released at 9.30am. We were expecting a drop in the cost of living […]

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BoE warns against ‘No Deal’

13 February, 2019

Rob Bastin

With an absence of key data yesterday, the markets were relatively muted trading within a 0.5% range across the board. Sterling markets have largely flattened out in the last week as we await the next round of Brexit updates and potential further amendments to be voted in parliament on Thursday. A second meaningful vote is […]

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Key week for Brexit talks

11 February, 2019

Nakhil Mahra

Last week Theresa May has done the rounds as she has been frequently, visiting both her counterparts in the EU trying to find a solution to the ongoing Backstop issue. Needing to provide an update to parliament this week, her job was made harder with comments made by Tusk saying, “there is a special place […]

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2019 looks set to be the worst year for UK since the recession of 2009

8 February, 2019

Annabel Gorrie

Yesterday the Bank of England forecast growth this year to be the slowest since the UK economy was in a recession back in 2009. So, for the first time in 10 years we see the UK going “backwards”. No doubt in anyone’s mind that this is due to Brexit. It forecast growth of 1.7% in […]

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Rates hold whilst PM seeks new amendments

7 February, 2019

Grace Rae

Brexit talk European Council President, Donald Tusk, spoke yesterday morning with a statement stressing again that the EU’s position is clear and will not be making any new offer on the withdrawal agreement.  Continuing to make quite the comment saying, “I have been wondering what a special place in hell looks like for people who […]

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Lack of UK data sees weakening of the pound

6 February, 2019

Paul Newfield

Yesterday saw a good amount of data releases from the USA and Europe, with little to help support the pound, which started the week pretty flat against the other majors. Markit services from Germany, Italy and the UK, which was the only UK data yesterday, came in negatively, whilst those of Spain, France and the […]

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Sterling started the week flat as Brexit concerns continue

5 February, 2019

Simon Eastman

Sterling started the week flat as Brexit concerns continue to keep the pressure on the currency markets. With only construction PMI to work with, which came in lower than expected, investors had little reason to buy the pound. The reading for the construction industry was expected to drop, but only slightly from 52.8 to 52.4, […]

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Excellent Run for the Pound in January

4 February, 2019

Rob Bastin

After an excellent run for the pound in January, Brexit optimism is already fading and as such exchange rates have stalled and begun to correct over the last week. Whilst the markets have seemingly all but priced out any expectation of a ‘no deal’ scenario, the reality of the situation is that a ‘no deal’ […]

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Is Brexit on deep freeze, or can the deadlock thaw?

1 February, 2019

Matthew Boyle

This week has been a busy one with the main focus, of course, being the UK parliamentary Brexit vote on Tuesday. Ahead of the vote with the market excited that a deal could perhaps be reached, a no-deal Brexit was off the cards, or article 50 could be extended we saw GBP>EUR rates push to […]

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EU Shuts Door

31 January, 2019

Nakhil Mahra

After Tuesday’s votes, the PM would have been hoping to go back to the EU with renewed hope, after having as some called it ‘her best day since taking over’. Having seen Brady’s amendment pass allowing possibly some leverage to take the EU negotiators. However that was short lived as yesterday, Michel Barnier, speaking at […]

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