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Markets await French Elections

4th May 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 – Construction data came out better than expectation in the early hours of trading yesterday which caused the pound to strengthen, however it was a minimal movement. Theresa May continued her rhetoric regarding the Brexit negotiations yesterday. There was a spanner in the works however, with a European newspaper leaking discussions between high ranking EU officials who had agreed to make negotiations difficult for the UK. There […]

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Could Construction Data boost the pound further?

3rd May 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 traded higher yesterday against both the US dollar and single currency after solid set of PMI manufacturing numbers gave investors some much needed joy as we headed into the final round of French Elections this weekend. The PMI numbers were expected to come in at 54.0 but surprised investors with 57.3 reading hence the strong rise in Sterling. The Survey found the main source […]

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French Elections and US Jobs in focus this week

2nd May 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 – Very little was released from the UK last week with only Q1 GDP figures released on Friday. The figures for both qoq and yoy missed expectations and saw the pound lower by the end of the week. This week will be fairly thin on releases from the UK, with manufacturing, construction and services figures due today, tomorrow and Wednesday respectively. All three components are expected to […]

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Cautious ECB reverses euro momentum

28th April 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 – Consumer confidence dips slightly in April as Brits eye rising inflation and rising prices as a worry for their household financial situation. However Theresa May’s dominance in the polls pays off for the pound, which has largely maintained its strength. 🇪🇺 EUR – Euro weakness was the theme of the day, with the currency closing lower on dollar and Sterling. This is following a dovish statement […]

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ECB in spotlight with rate decision

27th April 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 enjoyed a short rally yesterday afternoon, which has carried through to this morning. With no data to back this shift, one possible reason for it could be the results of a poll (Ispos) showing that Theresa May is more popular with voters than any other leader since the 1970’s and another poll (YouGov) revealing that Jeremy Corbyn is more unpopular than ever. Sterling to US […]

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Markets calm in anticipation of French elections

26th April 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 – No real data of note from the UK until Friday, with preliminary growth figures for the first quarter due. 🇪🇺 EUR – Enjoyed the best day of the majors in what was a continuance of the improving appetite for European assets in the aftermath of Emmanuel Macron’s triumph in the first round of the French elections. 🇺🇸 USD – Remains under pressure across the board. This […]

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Quiet Monday as politics remain in focus

25th April 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 was no significant data from the UK yesterday, and no significant developments in the general election. The only thing of note was that labour plans to propose it’s only Brexit blueprint, but this had no impact on the market. Today is another quiet day for the UK, with only public sector borrowing being released. This is not expected to have a significant effect on the […]

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Macron’s success gives the euro a boost

24th April 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 clearly strengthened last week, on the back of Theresa May announcing a snap election on 8th June. After pushing up over 2% higher throughout the week, markets anticipated a good retail sales reading. This however fell well below expectations; the pound did not drop off the back of this, going into the weekend still strong. This week looks very quiet for the pound, with […]

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European elections dominate market movements

21st April 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 eased back yesterday from the highs seen on Wednesday, but managed to maintain a level close to the peak. Once again there was a lack of domestic data yesterday, but markets will remain sensitive to political risk in the coming weeks. Mark Carney’s speech last night contained no market moving commentary. Today, UK Retail Sales are expected to be lower than the previous reading and […]

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Sterling holds its momentum

20th April 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 has maintained its momentum following Theresa May’s surprise election announcement. There are clear signs, however, that having broken through previous resistance levels, Sterling has stalled at the next hurdle. It is likely now that the currency will hang around its current position while investors wait until June. It remains a fantastic position to be selling the pound versus its peers compared to recent months […]

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Sterling has faith in Theresa May

19th April 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 – A surprise speech from Theresa May yesterday at 11:15am, caused the pound to strengthen across the board, seeing highs we haven’t had since the end of last year. With the PM calling for an early general election on the 8th June, markets are predicting that this will give strength to Theresa May in the House of Commons and therefore, in Brexit negotiations initially. There is very […]

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Sterling remains strong amid geopolitical tensions

18th April 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 enjoyed a very positive week after inflation remained at a three year high of 2.3%, wage growth exceeded initial market expectation climbing to 2.3% and unemployment remained at 4.7%. Another reason for the gains seen in the currency was due to the idea that Sterling has been seen as a safe haven amongst tensions between North Korea and the US. The only data out this […]