Yearly Archives: 2019

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Boris is in, so what happens now?

24 July, 2019

Matthew Boyle

Yesterday we saw Boris Johnson announced as the New Tory party leader after beating Jeremy Hunt by almost a 2/3 majority of the vote. The Pound did not see any real huge swings – gaining between 30-50 pips against the EUR and USD, unsurprising perhaps given the odds of him winning and the market pricing […]

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Sterling had a couple of brief rallies towards the end of last week

22 July, 2019

Simon Eastman

Sterling had a couple of brief rallies towards the end of last week, but overall, it’s still on the backfoot, ending the week lower against the USD and flat against the EUR. The recent downside we have seen since the beginning of June has been in anticipation of the events this week, as the race […]

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Sterling hits lows of 2019

19 July, 2019

Ashley Finill

This week Sterling hit its lowest point against the Euro since the turn of the new year. With sentiment heavily against the pound, even moderately positive data midweek in the UK with wage growth posting a higher figure of 3.4% from the previous reading of 3.6% and the unemployment rate remaining at 3.8% Sterling still […]

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‘Backstop is dead’ and Sterling is lowest performing currency

17 July, 2019

Grace Rae

We saw a mixed bag of data yesterday for the UK with a rise in wage growth which moved up from 3.4% to 3.6% and unemployment rate remaining steady at 3.8%. While these statistics are good, Sterling still lost ground and fell to its lowest level for 10 weeks against the Euro, and fell by […]

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The final Sprint

15 July, 2019

Bradly Ronan

In the week ahead we see a slow start with nothing noticeable releasing on Monday. Tuesday we see some data released on the UK’s Average earnings in its 2nd quarter coming in flat staying the same as last quarter with 3.1% growth. Followed by this we have the Unemployment rate released, again, expected to stay […]

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End Game

12 July, 2019

Sam Roberts

What a week it has been in political circles and for the economy. Sir Nigel Kim Darroch KCMG (Knight Commander Order of St. Michael and St. George) had to resign his post for (effectively) doing his job. He reported on how he saw ‘the Trump Administration’, which was leaked and in typical fashion, President Trump […]

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Fresh lows for Sterling amidst Brexit uncertainty

10 July, 2019

Rob Bastin

Yesterday’s trading saw further pressure on the pound as Brexit uncertainty and a slowdown in growth keeps investors away. GBP/EUR rates hit a new 6 month low, continuing the downward trend of the last couple months, all be it at a slower pace in recent weeks. GBP/USD also touched on the same low point not […]

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Brexit Bus rolls on, data could be critical this week

8 July, 2019

Matthew Boyle

The pound has seems to remain relatively range bound the last couple of weeks, with it moving with around a 0.75% -1% range across the board. As the ongoing Brexit uncertainty plays on, this is perhaps unsurprising, as markets wait for a clearer picture as to whether it will be Boris or Hunt and a […]

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Flat markets with risks for further downfalls

5 July, 2019

Grace Rae

There has been no new news regarding the Tory leadership race to Number 10 and with no further moves towards the Brexit deadline the likelihood of the Pound gaining back any strength against its majors in the short term is slim. In recent weeks there have been no major events to cause investors to move […]

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GBP dented by Carney’s warnings of an interest rate cut

4 July, 2019

Annabel Gorrie

Late Tuesday night a speech by Mark Carney, BoE Governor, prompted many to raise expectations of an interest rate cut having cited that the “stance of monetary policy is tighter than intended”. The expectations sent GBP lower again when the markets opened on Wednesday. It is now thought to be believed by many that MP’s […]

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