Market Update


Market Update

The British pound fell sharply earlier this week after a BoE policy maker said they ‘would vote for a rate cut unless economic data improved significantly’. With the weaker inflation data on Wednesday the market is pricing in a 57% chance of a 25-basis point cut to rates in January. On Thursday sterling edged higher, […]

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UK Inflation Dropped To Lowest Since Nov 16

Inflation for the UK has fallen to the lowest level since November 2016; from 1.5% to 1.3%. The Bank of England has a 2% target for inflation which is far from current figures. As a result of this, the chances of an interest rate cut have increased dramatically. Three Bank of England policy makers have […]

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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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Sterling On A Decline

On Monday the pound fell by 0.5% to two and a half week lows against the dollar as poor economic figures increased the chances of the Bank of England cutting their interest rates. With the UK’s industrial production coming in lower than forecasted and the monthly GDP for November showing that the British economy has […]

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The Week Ahead

Last week the pound was in a fairly sideways trend as the main driving force for the markets continued to come from updates of the US and Iran conflict. Over in the States we saw President Trump’s first rally of the election year held in Toledo, Ohio. Reporters on the ground stated that Republicans were […]

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Pound Dropped Off After Carney Comments

Yesterday the British Pound fell to a two-week lows as the head of the BoE Mark Carney stated that an interest-rate cut could still be on the horizon. Carney said in his speech on Thursday morning that the central bank was debating the uses of near-term stimulus, adding that a Brexit uncertainty was still present […]

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Brexit Talks Begin

UK Prime Minister Boris Johnson and European Commission President have commenced trade talks which has led to Sterling strength in the region of 0.5% against the Euro and 0.3% against the USD. The future relationship between the EU and UK will now be the key driving factor for the single currency in the coming months. […]

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Market Update

GBP recovered above 1.32 against USD and 1.18 against EUR due to expectations of The Withdrawal Agreement Bill being passed through the House of Commons within the next few days now that Parliament are back after the Christmas break. Topics debated in the House of Commons yesterday were based on the 11 month transition period […]

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Positive Start For Sterling

This Morning the pound has started on the right foot and has strengthened against most major currencies. That’s in part because the pound got a boost following the latest UK services PMI, which came in at 50.0 against the 49.1 expected and the 49.0 seen the previous month. A much-needed bit of positivity for the […]

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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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