Trump – No Deal


Trump – No Deal

Sterling fell to a 2-week low today as a resurgent dollar and comments by U.S. President Donald Trump that a possible trade deal was probably dead, this lead to no demand for the pound. Trump, who is visiting Britain, said Prime Minister Theresa May’s newly-announced Brexit blueprint had probably killed hopes of a U.S.-UK trade […]

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Market Update

Today seems likely to be a quiet end to the week with no significant new economic data in either the Eurozone or the UK. Today’s second reading for April Spanish CPI inflation is expected to be unchanged from the initial reading. That would be consistent with no revision to the aggregate Eurozone measure due next […]

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UK Inflation drops unexpectedly

UK inflation dropped to a one year low, according to figures which now raise doubts about a rate rise in May and further rises going forward. There is still a 96% chance of a UK rate rise in May and we believe this is already priced into the markets. Official data showed annual consumer price […]

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Sterling starts the week on the up

Sterling rose against the euro and dollar this morning and is on track for a third consecutive day of gains as investors are encouraged by data showing British house prices rising more than expected in March. Since Britain signed a transition agreement last month to cover the 21-month period after it leaves the European Union, […]

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Pound hits a 2 and a half week high

The pound was up this morning hitting a 2 and a half week high against most currencies, due to the Brexit news over the weekend being interpreted as positive, Germany election shambles and the US investigations. Britain will submit proposals on how to settle its divorce bill with the European Union before an EU summit […]

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Sterling lower due to Conservatives Uncertainty

Sterling slipped today following a string of scandals in the ruling Conservative party. There is evidence of growing doubts over Prime Minister Theresa May’s ability to deliver a good Brexit deal which is putting pressure on the pound. Despite Britain heading into another round of divorce negotiations with the European Union later this week, investors’ […]

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Super Thursday – Rate Rise

Sterling steadied this morning, consolidating some chunky gains this week, especially against the euro, before a historic Bank of England policy decision where it is widely expected to raise interest rates for the first time in nearly a decade. With a rate hike virtually priced into the market, analysts would be keenly watching whether BoE […]

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Dollar hits 2 week high

The dollar was trading near two-week highs against a basket of the other major currencies on Tuesday as speculation over who will be the next the chairman of the Federal Reserve continued. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was little changed at 93.75. President […]

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Brexit negotiations are main sterling driver

Sterling exchange rates have been stuck in limbo due to comments made by EU officials following recent Brexit negotiations- fortunately, Donald Tusk (EU Council President) announced that recent comments made by Michel Barnier about Brexit talks hitting a “Deadlock” were over exaggerated and progression has been made between the UK & EU- Though this progress […]

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Euro drops on stimulus speculation

The euro slipped this morning after posting its biggest weekly rise in a month as traders took profits, though markets were wary of chasing the currency lower before a European Central Bank policy meeting next week. With some political uncertainty in the form of an approaching deadline over Catalonia’s bid for independence and Austria’s election […]

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