Market Update


Market Update

On Tuesday Boris Johnson suffered a fourth defeat on his Brexit Legislation after members of Parliament’s Upper Chamber voted to protect Children Refugee’s once Britain leaves the European Union. Changes were initially made to the legislation on Monday, including the rights of EU citizens after Brexit. The Bill is due to be debated again next […]

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Market Update

Last week Retail Sales figures disappointed coming out weaker at 0.7% against the anticipated 3% rise. Large name retailers across the UK have stressed that December’s sales were the worst they had seen in years. Throughout last week Sterling had the worst performance out of all the major currencies. Moving onto the upcoming week it […]

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Pound Under Pressure

GBP has experienced continued pressure over the past 48 hours due to weak economic data ramping up the calls for the Bank of England to cut interest rates in their next policy meeting. According to reports, more than half of the members of the Bank’s Monetary Policy Committee are ready to back a rate cut. […]

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Tensions Increase Between USA and Iran – Dollar Volatile

Good Morning, With geopolitical tensions rising between the US and Iran it has been an interesting start to the new year. Last week we saw the price of commodities such as gold increase as investors were looking for a safe haven to hold their money in. What this means is if more investors are moving […]

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Market Update

The British pound was lower today after a tumultuous week in which it plunged to three-year lows before rebounding strongly as lawmakers voted to block a no-deal Brexit, making a snap election more likely. Opposition parties will discuss how to respond to Boris Johnson’s bid to call a snap election after the prime minister said […]

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Boris Johnson set to suspend parliament

Britain’s government will seek to extend the period during which parliament does not normally sit, shutting it for around a month until Oct. 14, as part of a drive to prevent politicians from derailing its Brexit plan, the BBC reported. The move, also reported by the Guardian, limits the amount of parliamentary time available to […]

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Merkel Comments Give Brief Hope

Sterling briefly jumped yesterday afternoon after German chancellor Angela Merkel said the European Union would think about practical solutions to the backstop, an agreed insurance policy for the Irish border that London wants scrapped. Prime Minister Boris Johnson’s demand that the EU reopen the Brexit divorce deal was rebuffed by the bloc. The deal includes […]

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Recession Fears Rise – UK Economy Shrinks 0.2%

The pound had started the day pretty settled after Thursday’s drop on the back of senior aides of Prime Minister Boris Johnson saying they would hold a parliamentary election in the days after Brexit if lawmakers sink the government with a no-confidence vote. Analysts say the election talk will weigh on the pound today because […]

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Brexit Update

The pound this morning has remained stuck near its weakest since 2017 and analysts are predicting renewed volatility. Risks of a no-confidence vote in the new Conservative government as soon as it comes back from the summer recess, or an early election are two of the many scenario’s investors envision happening as the deadline to […]

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Sterling Hits 23 Month Low Overnight

The British pound holds above recent lows this morning although it remained vulnerable as traders still worry that Britain is headed for a no-deal Brexit. Sterling hit a new 23-month low against the euro overnight, with the losses largely down to strength in the single currency rather than more Brexit-related worries. The Guardian newspaper reported […]

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