Market Update


Market Update

The Pound has retraced against the Euro proving that the rate is uncomfortable above 1.20 against the Euro and 1.30 against the USD. Due to ongoing concerns that the EU and the UK are moving further apart within the trade talks. Many analysts have mentioned that we cannot rule out a no-deal Brexit by the […]

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Market Update

This morning’s main data release is UK CPI inflation for January. The previous month saw an unexpected fall to 1.3%, the lowest for three years, which had fuelled expectations of a near-term BoE rate cut. The predictions are a rebound to at least 1.6% last month, thanks to energy prices as a result of: (i) […]

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Market Update

The number of people in work in Britain rose in the last three months of 2019, according to data which underscored how the labour market defied a slowing of the broader economy ahead of December’s election. The number of people in work jumped by 180,000 to 32.934 million, at the top end of forecasts in […]

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Pound Soars After Cabinet Reshuffle

British Prime Minister forced the resignation of Sajid Javid as finance minister on Thursday after Javid refused to sack his advisers and replace them with officials from Johnson’s Downing Street office. The currency climbed to as high as GBP/USD 1.3069, up from around 1.2988 before the news was released. Also, against the Euro the pound […]

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Pound Recovers From Recent Losses

The GBP has recovered recent losses against the Euro and US Dollar with the key focus todays cabinet reshuffle. PM Boris Johnson will have capabilities to refresh his team ahead of trade talks with the EU. This could have a high impact on the Pound as this coming year, all eyes are on the trade […]

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UK Economy Shows Zero Growth

Britain’s economy flatlined in the last three months of 2019 with the country in deadlock over Brexit. Official figures showed zero growth in the fourth quarter compared with the July-September period. In annual terms, growth was 1.1%, a level last seen at the start of 2018. The last time growth was weaker for a calendar […]

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Pound Weakness Continues

GBP has again experienced weakness against both EUR & USD after weekend reports that Brexit talks could break down as early as April. One of the main factors is the arm-wrestle negotiations on British Fishing Waters and the access the EU want. Countries like Spain, France, Holland, Belgium & Ireland all currently have access to […]

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Market Update

Sterling continues to extended losses on as concerns about negotiations between Britain and the European Union for a trade deal continued to create a sense of uncertainty. Yesterday’s moves were part of a broader trend downward. The pound is 2% lower against the dollar this week after Prime Minister Boris Johnson said Britain does not […]

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Boris to reshuffle Cabinet next week

Boris Johnson is expected to reshuffle his Cabinet next Thursday or Friday in a move that could have a major impact on the upcoming UK-EU post Brexit negotiations. This could be important for Sterling trades, who need to weigh up carefully whether the new ministers are likely to take a hard line or a softer […]

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Sterling Rebounds

GBP recovered from six-week lows to bounce back above 1.18 against the EUR and 1.30 against the USD off the back of better than expected Construction PMI for January. Positive U.S data continued with December Factory Orders comfortably beating expectations. This followed another positive day on Monday with Manufacturing data also beating expectations. However, any […]

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