Yearly Archives: 2019

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Boris has clear intentions of leaving the EU

9 October, 2019

Luke Dyson

It’s been a rough start to the week for sterling! we have seen over a cent in the downward movement for GBP/EUR and Cable since market open Sunday night resulting in 1-month lows for both. This is after the markets have taken in that Boris has clear intentions of leaving the EU with or without […]

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Risk remains high as Brexit remains the focus

7 October, 2019

Matthew Boyle

Last week saw the Pound start to slip following poor UK services data, as the uncertainty of Brexit continues to weigh heavy on exchange rates. Papers report this morning that Boris Johnson is in desperate last-minute talks to save his Brexit plan, but has been warned simply that EU leaders will not approve. Johnson is […]

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The expected October volatility really kicked into the Sterling markets yesterday

4 October, 2019

Rob Bastin

After a relatively quiet start to the month, the expected October volatility really kicked into the Sterling markets yesterday as speculation on Brexit outcomes by end of the month begin to play out. The day began with losses for the pound following figures for UK Services sector which showed a 6-month low contraction at 49.5. […]

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Tuesday saw sterling on the back foot again

2 October, 2019

Simon Eastman

Tuesday saw sterling on the back foot again, falling nearly a cent against the euro and similar against the US dollar, carrying on from the losses made over the last week. These losses have of course been down to Brexit talks, as some reports have circulated that the EU are not willing to talk or […]

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Brexit is upon us or is it

30 September, 2019

Ashley Finill

As September comes to a close and we enter the month of October which brings us closer to the Brexit deadline at the end of the month on the 31st. Boris Johnson has been very adamant that the UK will be leaving the European Union with or without a deal. With the new law put […]

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Brexit deadline looms closer

27 September, 2019

Grace Rae

This week markets have continued to provide some good buying opportunities for those with sterling in hand looking to buy foreign currency. On Tuesday morning courts ruled and the Prime minister had been unanimously agreed that his suspension of Parliament was unlawful, which gave Sterling a little leverage although only short-lived. With the Brexit countdown […]

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Who Lied To The Queen? BJ did

25 September, 2019

Bradley Ronan

This week we finally have the result that the Prorogue of Parliament was unlawful. This was heard earlier yesterday from the Scottish Supreme Court. A long battle which was expected to only be a few hours turned into days of debating but with the final say being MPs will be back in the office this […]

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Last week’s trading was another positive one for the pound

23 September, 2019

Rob Bastin

Last week’s trading was another positive one for the pound, with its 6th consecutive week of gains against the Euro after hitting a 2 year low in August. Market sentiment has fast shifted away from no-deal fears ever since the legal bill to block this outcome was proposed and passed through the house of commons. […]

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Base Rate Instinct

20 September, 2019

Sam Roberts

What a bumper week it has been in the Soap Opera that has become Brexit. We had Boris Johnson meeting with Xavier Bettell to discuss a way forward, only for Boris to suddenly ‘worry about his safety’ because of very loud ‘shouty’ protesters. So instead of an open-air press conference where the two gentlemen could […]

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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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