Pound Hits Fresh Lows


Pound Hits Fresh Lows

Sterling hit a ten-week low on this morning as concern about Britain’s departure from the EU led investors to largely ignore hopes of an end to austerity raised by Britain’s finance minister Philip Hammond. The pound has weakened 4 percent since September as traders fret over lack of progress in divorce talks over issues including […]

READ MORE

Brexit Latest

The British pound sits near a seven-week lows against the dollar this morning and three-week lows versus the euro, as doubt grows about whether the UK and the European Union can clinch a Brexit deal. Bloomberg reported this morning that Brexit talks were on hold because Prime Minister Theresa May’s cabinet was not close enough […]

READ MORE

PM Has Backing From Her Party

Theresa May received a show of support from her Conservative Party at a meeting in parliament, shifting the focus away from talk of an imminent leadership challenge over her Brexit strategy. May has angered both supporters of Brexit and pro-EU lawmakers since failing to clinch a deal at an EU summit last week by raising […]

READ MORE

UK CPI & RPI Weaker

Sterling drops notably just after September consumer inflation data came in lower than expected. Headline CPI slowed to 2.4% yoy, down from 2.7% yoy and missed expectation of 2.8% yoy. Core Inflation slowed to 1.9% yoy, down from 2.1% yoy and missed expectation of 2.1% yoy. The ONS noted that “The largest downward contribution to […]

READ MORE

Barnier Throws Spanner In The Works

On Wednesday Sterling rose half a percent after European Union Brexit negotiator Michel Barnier signalled progress on a deal with the UK over its withdrawal from the bloc, as well as on the crucial Irish border question. Barnier said 80-85 percent of the withdrawal deal was agreed. However, this morning the pound has dropped by […]

READ MORE

Market Update

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

Expect GBP Volatility Over The Next Few Days

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

May’s Chequers Plan Branded A Joke

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

UK Inflation Surprises

UK inflation jumped unexpectedly to a six-month high in August, pushed up by bigger-than-usual seasonal increases in sea and air fares and higher theatre admission prices, official data showed this morning. CPI rose at an annual rate of 2.7 percent in August, compared with 2.5 percent in July, the Office for National Statistics said, above […]

READ MORE

Sterling Hits Six Week High

The pound is at a six-week high, helped by a weaker dollar and reports of progress on the Irish border question, an obstacle to Brexit diplomats will try to overcome this week at a European Union summit. The United Kingdom is due to leave the EU on March 29 but no full exit agreement has […]

READ MORE
1 2 3 23

What's Going On?

Currencies 4 You Limited is a company registered in England and Wales (registered no. 06866898). Registered office: Regus House, Victory Way, Admirals Park, Crossway Dartford, DA2 6QD. Currencies 4 You's Payment and Foreign Currency Exchange Services are provided by Ebury Partners UK Limited. Ebury Partners UK Ltd is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution. Reference number: 900797. Ebury Partners UK Ltd is registered with the Information Commissioners Office, with registration number: Z209673X | Terms and Conditions | Privacy Statement | Careers