Boris to reshuffle Cabinet next week
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 6, 2020
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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
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, EUR, GBP, Referendum, Sterling, UK, Uncategorised
- February 5, 2020
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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
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- February 4, 2020
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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
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, election, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- February 3, 2020
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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
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, No Deal, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- January 30, 2020
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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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Virus Has Impact On FX Markets
- Posted by currencies in Bank of England, Currency, Dollar, Economy, EUR, Fed, GBP, Sterling, UK, Uncategorised
- January 29, 2020
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GBP weakened Tuesday morning due to increasing concerns about the spread of the deadly coronavirus and the negative impact it could have economically. This led to trades selling off GBP and EUR to invest in more safe haven currencies such as USD & CHF. GBP dropped off by at least 0.5% against USD & EUR. […]
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Interest Rate Cut On Thursday – 50/50
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Mark Carney, No Deal, Prime Minister, Rate Cuts, Referendum, Sterling, UK, Uncategorised
- January 28, 2020
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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
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- January 27, 2020
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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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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, Fed, GBP, No Deal, Rate Cuts, Sterling, UK, Uncategorised
- January 24, 2020
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ECB left policy and guidance unchanged at today’s meeting. the European central bank’s new President Christine Lagarde reaffirmed that the current performance of the EU economy justifies the need for negative interest rates. The euro was 0.32% lower against the US Dollar at 1.1055, dropping as 1.1037, its weakest it has been since December 2nd. […]
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Rate Cut Chances Slim
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Rate Cuts, Sterling, UK, Uncategorised
- January 23, 2020
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Possibilities of a Bank of England interest rate cut has faded as UK Businesses show greater optimism in January. Could a cut on 30th January be too soon? The economy could pick up over the coming months in accordance with yesterday’s CBI data showing far better than forecasted positive figures. Unlike the beginning of the […]
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