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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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Rate Alerts, Sterling, UK, Uncategorised
- January 22, 2020
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On Tuesday Boris Johnson suffered a fourth defeat on his Brexit Legislation after members of Parliament’s Upper Chamber voted to protect Children Refugee’s once Britain leaves the European Union. Changes were initially made to the legislation on Monday, including the rights of EU citizens after Brexit. The Bill is due to be debated again next […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, Fed, GBP, Mark Carney, No Deal, Prime Minister, Referendum, Retail Sales, Sterling, UK, Uncategorised
- January 20, 2020
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Last week Retail Sales figures disappointed coming out weaker at 0.7% against the anticipated 3% rise. Large name retailers across the UK have stressed that December’s sales were the worst they had seen in years. Throughout last week Sterling had the worst performance out of all the major currencies. Moving onto the upcoming week it […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- January 17, 2020
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The British pound fell sharply earlier this week after a BoE policy maker said they ‘would vote for a rate cut unless economic data improved significantly’. With the weaker inflation data on Wednesday the market is pricing in a 57% chance of a 25-basis point cut to rates in January. On Thursday sterling edged higher, […]
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