rates table

Sterling at a low against Dollar

14th August 2018 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 traded towards a near 13-month low versus the greenback on continued US Dollar strength with uncertainty over whether the UK would secure a trade deal with the European Union on Monday. From the UK today, we have data in the form the unemployment numbers at 09:30am, both figures are expected to come in line with market expectations. 🇪🇺 EUR – From within the Eurozone, the single […]

london-skyline

Pound claws back some ground

13th August 2018 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 – As mentioned, the Pound remained pointing southward amidst ‘no deal’ fears. GDP released on Friday was up as expected. Both industrial and manufacturing production were higher and beat estimates. The Pound stayed low versus the Dollar but edged higher against the Euro. This week attention will turn to the unemployment rate released on Tuesday, inflation figures on Wednesday and retail sales on Thursday. 🇪🇺 EUR – There […]

stockmarket-mobile

Sterling steadies

10th August 2018 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 steadied yesterday and managed to claw a little back versus the Euro overnight. However, the currency remains at 11-month lows amid investor fears that Britain will leave the EU without a deal in place. Many analysts believe that a deal will be reached, but doubts are increasing. The coming months of negotiations are crucial to the value of Sterling. Some commentators are predicting a […]

houses of parliaments

Sterling struggles

9th August 2018 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 – Despite a lack of data, Sterling continued to slide yesterday as the market has fears over a no deal Brexit. There is no important data from the UK today. 🇪🇺 EUR – Like Sterling, there was no significant data from the EU yesterday, and there is no data today. 🇺🇸 USD – Yesterday the Dollar remained strong with all the political uncertainty between the UK and Europe. Today […]

bank of england

Sterling continues slump

8th August 2018 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 fell to a five-month low versus the single currency yesterday as investors’ concerns grew regarding the UK falling out of the European Union without securing a trade deal. News coming from the Bank of England late on Tuesday was that rate setter Ian McCafferty said there was a reason for markets to possibly expect further rate hikes over the next two years. We have […]

eu flag with union flag star

No-deal Brexit woes

7th August 2018 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 market continued to punish the Pound following comments from cabinet minister Liam Fox on the weekend. The PM’s spokesperson tried in vain to tone down the risks to the UK falling out of the Eurozone without any deal as he said “we continue to believe that a deal is the most likely outcome because reaching a deal is not only in the interests of the […]

statue of liberty

US employment supports two further hikes

6th August 2018 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 dropped in early trade on Friday as Mark Carney commented that there is an uncomfortable high risk of Britain leaving the EU without a deal. As the day progressed we saw the Pound attempt a fightback but nonetheless we come into this morning with the pound lower already. No major data due out today and nor for most of the week until Friday where we […]

blackfriars bridge evening

Rates Rise, Pound Falls

3rd August 2018 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 fell on Thursday despite the Bank of England raising interest rates by 0.25%. This was after Governor Mark Carney said monetary policy needed to be slow and steady and expressed concern about the risks of a no-deal Brexit. The increase was largely expected and already priced in, so the Governor’s comments were what investors were really waiting for and it did little to bolster […]

rates table

Interest rate rise?

2nd August 2018 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 Bank of England is widely expected to raise interest rates today to 0.75%, with some analysts pricing in a 90% certainty of this happening. Even if rates do rise, this may not necessarily lead to Sterling strengthening though as Carney’s following remarks will be critical. If he adopts a pessimistic tone and it is interpreted as a reluctant rate rise, Sterling could weaken in response […]

bank of england

Sterling begins August on back foot

1st August 2018 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 began August on the back foot again with Brexit issues continuing to play a key role in Sterling’s performance. The Bank of England should raise interest rates this week according to policy makers but also tells the public it will be ready to make a U-turn if Brexit talks sour or trade tensions with the United States escalate. From the UK today, we have data […]

london-skyline

Pound finds support ahead of BoE rate decision

31st July 2018 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 found some support yesterday, after the reading for net lending to individuals showed an improvement along with better consumer credit and mortgage approval figures in the morning. Today, there is no data due from the UK, markets will look forward to the Bank of England rate decision on Thursday and any Brexit developments. 🇪🇺 EUR – The euro remained steady yesterday as the final reading […]

wall street

US growth hits over 4%

30th July 2018 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 economic data releases on Friday, the markets focused again on the ongoing saga that is Brexit. Prime Minister Theresa May’s efforts to bypass Brussels and deal directly with EU nations seemed to have been hampered as the risk of a no deal Brexit has intensified after the PM was warned that the European Parliament would veto her Chequers deal unless there […]