17th October 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 – Many of the hopes of the UK fall on Theresa May’s shoulders, as she flew to Brussels yesterday for emergency talks with EU leaders. May will hope to break some of the deadlock in Brexit negotiations, which caused the pound to drop as much as 0.3% yesterday. The UK prime minister attended the dinner with David Davis, and Jean-Claude Junker, and is the first meeting […]

16th October 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 – Last week Sterling struggled following the latest round of Brexit talks, as Barnier suggested there was still no progress as the divorce bill had not been agreed. Despite this, Sterling regained lost ground Thursday evening as a draft paper for the summit suggested the EU will be willing to discuss trade terms sooner rather than later. Sterling has maintained its momentum in to Monday. This […]

13th October 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 fell on Thursday morning after the EU’s chief negotiator, Michel Barnier, made comments stating that there hasn’t been much Brexit progress and talks have reached deadlock. There is still no progress regarding a trade deal and many matters are yet to be resolved. Barnier also mentioned that the UK is still not ready to confirm its payment commitments, however, he did say progress is […]

12th October 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 – It was a quiet day for the pound with no economic data releases and it showed with the currency trading relatively flat against both the euro and the dollar. However, the pound is still nearly two cents higher against the dollar than Friday’s one month low. A well renowned currency blog highlighted the reason for the pound dropping off recently being as; ‘the Bank of […]

11th October 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 rose on Tuesday after British industry data beat forecasts, adding weight to the argument that the Bank of England will raise rates at its next policy meeting in November. The Office for National Statistics said on Tuesday that manufacturing output rose by a monthly 0.4% in August, faster than the 0.2% forecast. We have no major data out from the UK today, though with […]

10th October 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 bounced back a little yesterday following a week of unprecedented downward pressure. It is difficult to dissect the reason behind the pound’s strength, however this was probably caused by Boris Johnson’s reaction to “so called friends trying to undermine the PM”. Industrial and manufacturing production figures for the UK will be released this morning. Industrial figures are expected to remain at current levels while […]

9th October 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 endured its worst five days in almost a year last week, as market uncertainty returned with a vengeance. This was primarily due to the perceived disaster of a speech by Theresa May, which was supposed to appease the doubters and provide assurance that the UK is heading in the right direction. Unfortunately, it appears to have provoked more uncertainty with regard to how […]

6th October 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 decline in the value of the pound continues, with PMI figures in the Manufacturing and Construction sectors weighing Sterling down, even in light of services data showing expansion in this sector. There was nothing of note from the pound yesterday, which unfortunately meant there was nothing to stop its continued fall. Halifax house price data beat expectations this morning but has done nothing to […]

5th October 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 halted its recent decline yesterday as a result of UK services sector data expanding at a faster rate in September. This positive result was above expectations and bucked the trend of disappointing results in other sectors this week. The gain for Sterling did not completely reverse losses from Tuesday, however and the currency has lost considerable ground in early trading today. There is a […]

4th October 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 fell to a three week low on the wake of weak data in September’s construction figures, which showed that the sector is now contracting. This coincided with the growing sense of anxiety that many traders feel as we step into the uncertainty of Britain’s exit from the EU as well as the disappointing second quarter growth figures on Friday and the poor manufacturing figures […]

3rd October 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 – Manufacturing data came in below expectations yesterday at 55.9. This had minimal impact on the markets. Wednesday’s services PMI will probably have a more significant impact. Today construction PMI is being released at 9.30am, and is expected to come in line with the previous reading of 51.1. 🇪🇺 EUR – A large amount of manufacturing data was released from the Eurozone yesterday. This came roughly […]

2nd October 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 in a fairly narrow range against the euro last week and, against the dollar, found support after losses early in the week. Bank of England Governor Mark Carney and Theresa May both spoke at the BoE’s conference celebrating 20 years of independence. Carney seemed to lecture the PM on her plans for Brexit, telling her that they would lead to weaker income […]