Pound Gains As Brexit Deal Gets Closer
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 10, 2018
- No Comments
Sterling hit a new high versus the euro and added to recent gains against the dollar this morning on optimism that Britain and the European Union can agree a Brexit deal soon. Britain’s ITV News reported late on Tuesday that the two sides had made progress in negotiations over an Irish border backstop, a key […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 9, 2018
- No Comments
Today has a very light data calendar with nothing of note in the UK or the Eurozone. The main focus will be UK politics and in particular Brexit negotiations. However, as yesterday’s meeting between Brexit Minister Raab and EU Chief Negotiator Barnier did not go ahead, it suggests they are still some way from a […]
READ MORE
Sterling Boosts On Positive Brexit Negotiations
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 5, 2018
- No Comments
The European Union’s Brexit negotiators told national diplomats in Brussels late last night that a divorce deal with Britain was “very close”, according to two sources present at the meeting. The EU signalled that it was engaging with new proposals emerging in Britain on how to avoid extensive checks on the Irish border after Brexit, […]
READ MORE
May Speech Later Today
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 3, 2018
- No Comments
The British pound held near a three-week low this morning as investors wait on the services survey data and Prime Minister Theresa May’s speech later in the day. May will tell her Conservative Party that the impending divorce from the European Union is an opportunity that opens up a future full of promise, assuring the […]
READ MORE
Expect GBP Volatility Over The Next Few Days
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 2, 2018
- No Comments
Sterling gained against after the UK was reported to be in the process of preparing a compromise on the Irish border issue in Brexit negotiations with the European Union. The reports, which came amid the Conservative Party Conference, could promise a necessary breakthrough or at least a remarkable step towards a trade accord ahead of […]
READ MORE
The Week Ahead
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 1, 2018
- No Comments
The Pound held pretty steadily last week against the Euro & Dollar through the beginning of last week until the Federal Reserve put up interest rates and traders started selling off the Pound prior to the Conservative Party Conference. Over the last few months we have seen a significant divide in the Conservative party and a […]
READ MORE
Economy Grows Slightly Slower Than Expected
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 28, 2018
- No Comments
Sterling fell this morning after data showed that British companies had cut their investment in the second quarter of 2018 and the economy grew slightly slower than previously thought. The pound had already been under pressure as investors’ optimism for a Brexit trade deal has declined ahead of the ruling Conservative party’s annual conference next […]
READ MORE
Brexit Continues To Dominate Market Movements
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 27, 2018
- No Comments
The British currency tumbled this morning on the back of broad dollar gains after a U.S. rate hike, and as investors waited for more Brexit-related headlines in the absence of any fresh economic drivers. Sterling fell more than a third of a percent against the dollar and edging towards a one-week lows hit last week. […]
READ MORE
Second Referendum?
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 24, 2018
- No Comments
Sterling has plummeted, driving the U.S. dollar up, after British Prime Minister Theresa May said the European Union must supply an alternative Brexit proposal, saying talks had reached an impasse after the bloc’s leaders had rejected her plans without fully explaining why. The pound dropped as much at 1.5% at the end of last week, […]
READ MORE
May’s Chequers Plan Branded A Joke
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 21, 2018
- No Comments
Prime Minister Theresa May’s Brexit proposals were declared dead by the British media today after what they cast as a humiliation at the hands of European Union leaders at an informal summit in Salzburg. After a dinner of Wiener schnitzel in Salzburg, EU leaders said they will push for a Brexit deal next month but […]
READ MORE
