europe union building

Brexit: The saga continues

18th December 2017 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – From the UK on Friday the pound traded over a 100-point range against both the US dollar and single currency on the back of further positive Brexit talks in relation to an EU deal. We have no major data out from the UK today. 🇪🇺 EUR – The single currency remained stable versus the US dollar on Friday, despite an EU trade deal looking likely, it […]

bank of england

Central Banks remain on hold

15th December 2017 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – Yesterday, the BoE kept interest rates and QE on hold whilst suggesting a slower pace of growth in the final quarter of the year is to be expected, whilst inflation is likely to have peaked. Thus, only modest rate hikes would be expected over the next few years. With the news widely expected the pound barely moved though found momentum against the euro later in the […]

us federal reserve

US raises interest rates

14th December 2017 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – Yesterday’s on-track Average Earnings figure had no effect on the pound, which continues to trade in the middle of nowhere versus its major counterparts. Last night saw the government suffer its first Brexit Bill defeat, with the house voting for an amendment that gives Parliament an acceptance vote on the final Brexit deal. For now, however, markets are not reacting and Sterling maintains its position. The […]

bank of england

Inflation still moving higher

13th December 2017 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – Inflation was the key piece of data yesterday after it unexpectedly rose to 3.1% which is its highest level in 6 years, although it is moving further away from target Mark Carney is expected to be upbeat in his last MPC meeting of 2017 on Thursday. Today the UK will release its unemployment rate which is expected to improve to a new low of 4.2% and […]

london-skyline

UK inflation in focus

12th December 2017 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – In the absence of any data to support it, the pound continued to fall on what looks like profit taking following the gains from last Thursday. Inflation data will be in focus today with the headline figures expected to stay at 3%. However, we could see a surprise to the downside, given the pound’s strength over the course of November which may have taken out some […]

city sky

Markets await second phase of negotiations

11th December 2017 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – There is no significant data from the UK today. As the transition to phase 2 in the Brexit negotiations takes place, there are a number of key bits of data being released this week. CPI, average earnings and retail sales are being released on Tuesday, Wednesday and Thursday respectively. The markets have been mainly focused on the political developments lately, and therefore these pieces of data […]

blackfriars bridge evening

Sterling rises on EU deal

8th December 2017 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – Sterling rebounded from a six-day low against the euro on Thursday after a deal was reached with the EU in relation to Brexit. One of the key pieces to come from the talks were that there would no hard boarder and the good Friday agreement would be up held. From the UK today we have data in the form of the manufacturing and production figures plus […]

houses of parliaments

Brexit talks continue as UK PM pressured

7th December 2017 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – With no data releases yesterday, the pound moved at the mercy of other currencies. Brexit related news is still very much the driver as markets await further news on a solution to the Irish border issue that will satisfy the UK, EU and the DUP, something that has so far proven elusive. PM Theresa May is hoping to have these non-trade issues wrapped up by next […]

europe union building

Deal or no deal

6th December 2017 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – The pound’s movement this week has been entirely governed by Brexit. With the prospect of a deal being announced on Monday, the currency shot up in value – only to retrace when it became apparent that we are not there yet. Services PMI data yesterday, which is ordinarily a key economic indicator, had no effect on Sterling, despite falling short of expectations. Traders are focusing solely […]

houses of parliaments

Brexit dictates Sterling movements

5th December 2017 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – Brexit news dictated Sterling’s moves with a positive move higher in the morning when a deal looked likely and then those moves we retracted following the DUP’s refusal. Construction PMI was positive yesterday but overlooked. Services PMI is expected to drop marginally today. Brexit news will take centre stage as Theresa May will likely begin negotiating with the DUP and make wording amendments to resolve yesterday’s […]

europe union building

Focus on Theresa May and Juncker today

4th December 2017 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – The UK manufacturing sector hit a four-year high following strong demand domestically and from overseas, boosting order books, production and employment. Focus today will fall on the construction sector, with service sector data due on Tuesday and manufacturing and industrial production figures out on Friday. As well as the economic data, markets will be waiting for any further developments surrounding Brexit when Theresa May and Juncker […]

bank of england

Sterling rally maintains momentum

1st December 2017 Market Update Get a snapshot of the day’s most important market events and currency movements sent straight to your inbox every morning. Sign up to our Daily Market Report. 🇬🇧 GBP – Yesterday there was no data released from the UK of significance. Despite this, the pound maintained its strength against the euro and dollar. As a result, sterling reached its strongest levels since 25th September against the US Dollar. Today the only thing of note being released from the UK is manufacturing PMI, which is expected to increase to 56.6 and could help the pound maintain its […]