News

Round 1 to Boris

14 June, 2019

Tamim Rahman

The former foreign secretary Boris Johnson comfortably topped the poll as expected, securing the support of 114 of his Tory colleagues – well above the 105 he would need to guarantee a place in the final two. Johnson and another six candidates – Jeremy Hunt, Michael Gove, Dominic Raab, Sajid Javid, Matt Hancock, and Rory […]

Average earnings help the British Pound

12 June, 2019

Rob Bastin

After Monday’s awful eco-stats for the UK, analysts were hoping for some better numbers yesterday to recover some value in the Pound. Monday saw the worst monthly drop in Manufacturing output since 2002, along with a monthly GDP contraction of 0.4%. Tuesday’s figures carried a little more optimism after a good run this year for […]

MPC to continue its schedule of gradual rate rises

11 June, 2019

Sam Roberts

With so much taking place in political circles, you could be forgiven for thinking that nothing else of any great significance to the stocks, currency and economic markets was taking place. Yesterday evening Michael Saunders (he is actually an economist at Citigroup) an ‘external member’ of the Bank of England gave a speech. Here he […]

What is a Tory leadership race without controversy?

10 June, 2019

Sam Roberts

While the country is still waiting for Brexit to happen, our Prime Minister has jumped ship and without a captain or charts to plot a course, the crew members have started trying to outshine or ‘out dross’ one another in order to see who will eventually take control of the bridge. So we have politicians […]

Euro strength send rates lower

7 June, 2019

Grace Rae

Markets remained flat for the most part yesterday up until the European Central Banks President Mario Draghi spoke at the latest monetary policy press conference where he worked his magic to provide extra support for the euro as he announced the ECB’s latest position on interest rates which has remained unchanged at 0%. The bank […]

Trick or Treat

6 June, 2019

Annabel Gorrie

As the Brexit deadline approaches it looks like the promises of a new Brexit deal could be misleading. According to Rory Stewart, a Tory leadership candidate, there is “not a hope” of a new plan by the Halloween deadline. His comments followed criticism from Boris Johnson that the Conservatives face “potential extinction” if the UK […]

Pound forecast bleak

5 June, 2019

Matthew Boyle

The last month has been a torrid one for the Pound, as we have seen it make almost continuous daily losses across the board, but most noticeably against the Euro and Dollar – now sitting at around 4 ½ moth lows against both. Since Theresa Mays resignation Brexit uncertainty has reached fever pitch again, with […]

Thee End is Nigh!

4 June, 2019

The pound has fallen almost constantly for almost a month falling as much as 0.7% alone yesterday. This is due to the ongoing saga that is Brexit and the mess our government cannot unstick itself from. They are falling as quickly as they come, Tory MPs was quick to put their friends names in the […]

Pound falls further

3 June, 2019

Nakhil Mahra

Last week, the Pound lost further ground, now falling in value six weeks in a row. All the uncertainty surrounding Brexit and who will be the new PM, slowly chipping away at the Pound. May ended with rates the lowest they have been for four months, with no immediate uplift forecasted. If you have a […]

Brexit scenarios represent more downside risk

31 May, 2019

Joe Goodwin

Yesterday was a quiet day for both data and politics in the UK and the pound remains stagnant against the major pairs. Preliminary US GDP figures were released but this didn’t have much effect on cable as the outcome was as expected at 3.1%. (There are three versions of GDP figures; Advance, preliminary and final. […]