Pound Weakness Continues


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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Market Update

The pound dropped to a six-week low against a broadly firmer dollar, as Prime Minister Boris Johnson’s tough stance on European Union trade talks renewed concern that a deal may not be reached by the end of a transition period. The EU and Britain clashed over a post-Brexit trade deal yesterday, with the two sides […]

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Sterling Falls Sharply

Sterling fell sharply this morning Boris Johnson set out tough terms for European Union talks, bringing back fears Britain would reach the end of an 11-month transition period without agreeing a trade deal. The sides have until the end of the year, when a standstill transitional period expires, to secure a deal on trade and […]

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Rate Decision At Midday

President Donald Trump’s pitch to the Federal Reserve to cut US interest rates has been denied as Interest Rates stay put. Trump believes the central bank should cut its key lending rates to align more with its global peers. US Federal Reserve have decided to keep Interest Rates unchanged as widely expected. Fed Reserve Chairman […]

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Interest Rate Cut On Thursday – 50/50

Sterling has weakened against the Euro this morning alongside dropping to a one week low against the USD. Main reasons being the concern about Britain’s future relationship with the EU has started to impact the exchange rates. The pound is also volatile ahead of Thursday’s potential interest rate cut by the Bank of England The […]

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Market Update

On Friday we saw the UK’s PMI data come out stronger than what traders were expecting, this has now reduced the chances of a Bank Of England interest rate cut on Thursday. The Bank Of England’s meeting this week is going to be the main event the markets will have their eyes on, it is […]

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What's Going On?

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