Yearly Archives: 2020

What now for the Pound?

22 January, 2020

It has been a bumpy start to the year for the Pound with it trading up and down within a tight range against both the Euro and Dollar. Following the surge that we saw in December last year as Boris secured his majority in the House of Commons, it received a boost as many thought […]

Pound struggles to maintain gains

20 January, 2020

Luke Dyson

Following the last week it was clear sterling was on the rise again with it gaining nearly three cents in a couple of days! However this was only to be short lived with a significant market drop across the board after poor retail sales begin released. With the market already pricing in a modest retail […]

UK retail sales, could throw up some volatility should they miss the mark

17 January, 2020

Simon Eastman

Thursday was a fairly flat day for trading, with the pound spending most of the day trading within a very thin range across the board. When US retail sales were released in late afternoon, although it came out with a solid figure for December, the previous months downgrade showed slower sales figures for the year […]

Worrying times for Sterling

15 January, 2020

Ashley Finill

We are now only a couple of weeks away from the UK’s exit from the European Union. For what was seemingly at first Sterling positive when the conservative’s won a majority on election day paving the way for separation from the EU with promises of a deal being struck we have since seen a reversal […]

Bank of England hints at advanced interest rates cuts

13 January, 2020

Grace Rae

Since the turn of the year rates have remained fairly flat as we await the UK’S official exit from the EU on the 31st January and enter into the transition period through to the end of the year. Although the future of Brexit remains unclear, what is clear is that the currency markets should expect […]

On track to leave the EU, markets stable

10 January, 2020

Tom Arnold

This week has seen relative inactivity on the currency markets with everyone taking a bit of a breather following a busy few months, where Brexit uncertainty and the resulting UK election had given us much volatility. Instead, news pieces have dominated the wires, with the Middle East in focus and the spat between the US […]

EU retail sales better than expected

8 January, 2020

Alister Lovett

With the UK set to leave on 31st of January Boris Johnsons Brexit plan has already passed through parliament due to Boris winning elections and having a majority. It now goes to further scrutiny which Boris hopes will be done by Thursday. Unless the EU put a stop to it, which is unlikely, we then […]

Brexit direction now in full control of the government

6 January, 2020

Rob Bastin

The new year currency markets have so far kicked off with a continuation of the theme seen in late December, with Sterling very much on the back foot as markets begin to focus on the difficult year ahead for the Pound, and for the UK economy. With the Brexit direction now in full control of […]

2020 starts and Brexit looms

3 January, 2020

Matthew Boyle

It might be said that we have seen a good start for the Pound in 2020, following Boris Johnson’s decisive win in the UK general election in early December. Following his win, the Pound surged to 3 year + highs, however as the month progressed we did see it slip back down, and just before […]