News

A Dull Day on the Markets

24 April, 2019

Grace Rae

Much like the looming rainy weather we are set to receive over the coming days, the markets could similarly be set for further doom and gloom in the coming weeks. Yesterday, rates traded fairly flat with GBP-EUR remaining within a half a cent range, providing no real swings or cause for excitement while the afternoons […]

Game of Crones

23 April, 2019

Paul Newfield

After somehow angering many in the EU Brexit negotiating collective about breaking for Easter holidays, immediately after reaching an agreement over an extension, British MPs return to work after a short period away from the commons. There was nothing of note data-wise on Good Friday or yesterday on Easter Monday and this trend continues with […]

All Quiet On The Western Front

18 April, 2019

Samuel Roberts

Over the last few days, the market has slowed right down in its’ volatile nature. Partly because both houses (Commons and Lords) are on their respective Easter Break’s and Brexit has been pushed back until the end of October. Another reason is that the markets are relying more on economic data, something that they understand […]

Sterling Remains Weak

17 April, 2019

Simon Eastman

Even with the Easter break in Parliament, the pound still can’t shake the doldrums it finds itself in, despite some fairly good jobs data. UK unemployment held at 3.9 percent, some of the lowest levels seen in years, as the rate of people within the UK without jobs continues to decrease. Average earnings also came […]

3 days of key UK data

16 April, 2019

Rob Bastin

Yesterday’s trading was understandably quiet for Sterling markets as Brexit takes a somewhat welcomed back seat for the Easter period. Parliament are on recess currently and so the current lower volatility levels could well continue in the short term. This said there is a good chance that in this Brexit lull markets refocus on some […]

Focus on Data as Brexit noise fades to background

15 April, 2019

Last week was a fairly quiet week in the way of rate movements, with GBP rates remaining subdued after the recent news of a Brexit extension to Halloween. Strong data for the EUR and USD helped keep rates low, for the Pound in these pairings, as the market focus now seems to be slowly shifting […]

6 more months of Brexit

11 April, 2019

Rob Bastin

Yesterday’s trading was relatively muted as markets await the outcome of last night’s emergency EU summit, to see if the EU would approve a requested extension, and if so to what end and what timeframe. Financial market’s have become understandably nervous as this approval goes down to the wire with just 24hrs left before the […]

Flextension

10 April, 2019

Joe Goodwin

With the UK set the leave the EU on Friday, yesterday Theresa May held last-minute talks with Angela Merkel and Emmanuel Macron to further delay the Brexit leave date to 30th June. However, after the talks, Angela Merkel said that a delay to the start of 2020 was a possibility and a ‘flextension’ – a […]

Will the UK be leaving the European Union by default on Friday?

9 April, 2019

Grace Rae

Over the past few months rates have been sitting within a 2 cent range as the will we/won’t we exit the EU saga endures. However, rates against the Euro began to dwindle throughout the day yesterday, pushing towards the lower end of rate range as anticipation over the looming default Brexit day draws closer. With […]

Deadline Week for Brexit

8 April, 2019

Tom Arnold

As we have seen for the past few months, Sterling’s fortunes are almost entirely dependant on the ups and downs of the ongoing Brexit situation. This was no different last week, with the Pound enduring something of a rollercoaster as we saw a series of critical votes in the House of Commons give us the […]