Boris Names His Brexit Dominated Seniors


Boris Names His Brexit Dominated Seniors

Prime Minister Boris Johnson will meet his Brexiteer-dominated team of senior ministers for the first time today to plot how to persuade the European Union to agree to a new Brexit deal ahead of the Oct. 31 exit deadline. Johnson’s dramatic rise to Britain’s top job sets the world’s fifth largest economy up for a […]

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Markets Await Johnson Speech Later Today

Sterling inched slightly higher this morning against the dollar and euro after losses in recent days but options markets indicate more pain ahead as the risk of a no-deal Brexit under new leader Boris Johnson is seen worsening economic stress. We are awaiting Johnson’s speech due later in the day after Britain’s Queen Elizabeth formally […]

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Dollar Strengthens As Sterling Drops Off

The dollar edged to a two-week high versus its rivals this morning after U.S. President Donald Trump and congressional leaders reached a deal on Monday on a two-year extension of the debt limit, dousing fears of a government default later this year. The dollar’s gains were capped in a broadly rangebound currency market as investors […]

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Market Updates

The Pound continues to weaken against the Euro on a daily basis, we have never seen this type of losing trend for the currency pair since records began. We saw a brief recovery by the pound reaching 1.1162 yesterday afternoon, however that was short lived, and Sterling lost 0.3% by the end of the day. […]

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Dollar Weakens After Powell Comments

The dollar fell to a five-day low this morning after Federal Reserve Chair Jerome Powell kept the door open for U.S. interest rate cuts, though investors were wary of selling dollars aggressively until a policy review later this month. In testimony to Congress, Powell pointed to “broad” global weakness that was clouding the U.S. economic […]

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Sterling Hits 2 Year Low

Sterling fell towards its lowest levels in more than two years on Tuesday against the backdrop of a worsening economic outlook and rising fears about a no-deal Brexit and a new Prime Minister. With a key US$1.25 level against the dollar giving way in early Asian trade, traders quickly pushed the British currency down half […]

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Continuing Trend – Pound Drops Further

The British pound fell further this morning amid worries about the threat of a no-deal Brexit under the next prime minister and a deteriorating UK economy. In the latest sign of economic weakness, sales at British retailers rose at their slowest average pace on record over the past year, a survey from the British Retail […]

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Worst UK Construction Data In 10 Months

Sterling fell to a two-week low versus the dollar as a broadly resurgent dollar sapped appetite for the British currency after the United States and China agreed at a G20 summit in Japan to restart trade talks. That deal came after U.S. President Donald Trump offered concessions to his Chinese counterpart Xi Jinping when the […]

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GBP Hits 10 Day Low Vs USD

Sterling fell on Monday to a 10-day low against the stronger dollar after the United States and China agreed at the G20 summit in Japan to restart trade talks. The pound slipped 0.3%, bringing losses since early-May to about 4.5%. Against the euro, however, sterling firmed to approach one-week highs. The currency had fallen to […]

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Pound Falls To 5 Month Lows

The British Pound fell to a 5-month low this morning as investors continued to fear the possibility of a no-deal Brexit should Boris Johnson win the Conservative party leadership race. Against the euro the British currency fell 0.2%, to its weakest level since Jan. 11. Sterling has now lost 5% of its value versus the […]

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