Yearly Archives: 2019

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All quiet on the western front

2 July, 2019

Paul Newfield

With little in the way of news from the Brexit saga, yesterday saw a huge amount of eco stats published and with them a decline and rise in the strength of the pound against the other major currencies. Before 9 am yesterday we saw a number of Markit manufacturing and unemployment figures from a number […]

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Quiet start to July for exchange rates

1 July, 2019

Robin Haynes

As we enter the second half of 2019 (yes, really) there is not a huge amount of data due out likely to affect exchange rates. After Friday’s UK GDP data came out unrevised at 0.5%, the Pound remained on the back foot, and the UK economy remains firmly in the grip of Brexit limbo, as […]

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Stagnant Sterling Sleeping on Support levels

28 June, 2019

Rob Bastin

As June’s trading comes to a close, Sterling markets remain stagnant and under significant pressure, with any brief gains being sold back down immediately. GBP/EUR is now consolidating at its lowest levels seen this year, with any hope of a real recovery looking a long way off yet. With little data out at the end […]

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Confusion Continues

26 June, 2019

Paul Newfield

Brexit With the winner set to take over the PM-ship from Theresa May on the 24th of July, it would be to the surprise of nobody that the two remaining tory leadership candidates have opposing views on what will happen with Brexit and the overall outcome, with Jeremy Hunt claiming that the 31st October date […]

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Pound continues to slide

25 June, 2019

Nakhil Mahra

Yesterday the Pound weakened slightly further, with no real data to go on trading was largely sentiment based.  Markets currently favouring the Euro, having seen it make gains against both its major pairings. Boris Johnson, the favourite to be the next PM, was in the headlines for the wrong reasons over the weekend, was again […]

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Battle for PM intensify between Johnson & Hunt

24 June, 2019

Joe Goodwin

This week will see the battle for PM intensify between Johnson and Hunt. Jeremy Hunt today accused Johnson of trying to ‘sneak in through the back door’ by avoiding media attention. Instead, suggesting that he should earn the trust of his peers by subjecting oneself to scrutiny and to answer key questions about the decisions […]

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The final two battle it out for the position at Number 10

21 June, 2019

Grace Rae

Yesterday saw further knockouts in the Conservative leadership runnings with Sajid Javid receiving the fewest votes of 34 in the fourth round of ballots, and Michael Gove being cut from the running in the fifth round off votes losing with 75 votes, 2 votes shy of Jeremy Hunt who received 77 and Boris Johnson with […]

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And then there were 4

20 June, 2019

Rob Bastin

Sterling exchange rates have now been dropping for 6 weeks from the speculative highs seen back in April and May. On Tuesday the Pound hit some key support levels across many major currencies that could very well signal the end of this drop, for now…. Sterling is up around 1% in the last 24hrs as […]

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Get ready, set, go!

19 June, 2019

Bradly Ronan

The Tory leadership race is in full sprint for the second vote, where Boris took 126 votes followed by Hunt with 46. We saw Dominic Raab knocked out as he didn’t reach the benchmark by only getting 30 votes of the needed 33. We still have Boris’ polar opposite Rory Stewart still in the race […]

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Pound hits 5 months lows, more to come?

18 June, 2019

Matthew Boyle

Yesterday we saw the Pound hit new 5 month lows against both the Euro and USD. As the Tory leadership battle wages on in the background, markets are preparing and positioning once again for a potential no-deal come the impending Brexit deadline October 31st. And whilst Boris has said he wants to get a Brexit […]

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