gb and eu flags

Pound retreats following Brexit negotiations

21st September 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 – Thursday was certainly a day of contrasts. Early morning optimism abounded, with forecast-beating retail sales data adding to growing belief that Britain and the EU might be making progress towards a deal. Both of these factors helped push the Pound to 2-month highs versus both the Dollar and Euro. However, yesterday evening saw a sharp reversal in Brexit sentiment, as it became apparent that the EU […]

rates table

Sterling eases off

20th September 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 eased on Wednesday after hitting fresh highs versus the US Dollar after report that Britain’s Prime Minister Theresa May had rejected an improved offer from EU chief negotiator Michel Barnier on the Irish border issue. Prior to the news coming come the EU in relation the Irish border issues we saw inflation in the UK rise which was also cited as a reason for the […]

blackfriars bridge evening

UK CPI hits 6-month high

19th September 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 – More Brexit headlines and soundbites out this morning quote Michel Barnier declaring that the ‘moment of truth’ was fast approaching for Brexit negotiations as part of which he is now ready to offer new proposals to help break the deadlock. This news comes as Theresa May hopes to use a dinner in Salzburg following today’s European Summit to sell her much heralded ‘Chequers plan’ which would […]

the white house us

Trump pulls trade trigger

18th September 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. 🇺🇸 USD – The US Dollar was marginally down this morning following last night’s announcement from President Trump’s administration declaring the implementation of a third round of tariffs against China. These tariffs were implemented at a rate of 10% on $200bn worth of Chinese goods; a number which will increase to 25% in January 2019 unless China offers more concessions on trade. As a result, the market is now […]

europe union building

Deal or No Deal?

17th September 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 what should be very familiar story by this point, the Pound’s fortunes are likely to be Brexit-led this week with the first of three EU summits set to begin on Wednesday in Austria. The focus for this summit will be to settle on the most effective way to prevent the return of a hard Irish border following both sides attempts to ‘de-dramatize’ the issue. From […]

london-skyline-night

Sterling Holds Gains

14th September 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 maintained its recent advances against the euro and rallied by a cent versus the US dollar yesterday. Media reports that the UK and the EU had made progress towards agreeing an Irish border solution kept the pound buoyant. US dollar inflation woes led to sterling’s sharp momentum in the afternoon session versus the greenback, to hit its strongest level in over a month. The currency […]

bank of england

Interest rate day

13th September 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 expected to keep interest rates on hold at 0.75% today, with all MPC members expected to vote for rates to stay the same. Therefore, it is quite unlikely that today’s interest rate decision will have an impact on the markets. 🇪🇺 EUR – This morning CPI was released from Germany and France, and both came out in line with expectations at 0.1% […]

houses of parliaments

Tory backbench mutiny?

12th September 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 expected, the unemployment rate remained at a record low of 4%. Average earnings increased by 2.6% year on year, which led to a further pick up in wages. This did not have a significant effect on the Pound, however it did allow it to maintain its recent positive momentum following the announcement that Carney would carry on as Bank of England Governor into 2020. The […]

europe union building

Barnier Brexit boost

11th September 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 – Industrial and manufacturing production released yesterday were both down on estimates but the bigger news was GDP, which for the first time was released as a monthly figure, this came in higher than expected and was a welcome boost for the Pound. Michel Barnier’s reported comments compounded the Pound’s strength, he said it is “realistic” to expect a Brexit deal in the next 6-8 weeks. Today […]

gb and eu flags

Pound lifted by Barnier

10th September 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 rallied on Friday after the EU’s chief negotiator Michel Barnier suggested he was open to ‘other backstops’ with regards to the Irish border question, as well as commenting he believes negotiations are 90% complete. The Pound finished at a new one week high against the Euro and whilst there was an attempted surge against the US Dollar, US job figures did manage to make the […]

wall street

US Jobs Data in Focus

7th September 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 – There was no data of note from the UK yesterday, and there is nothing of significance today either. Sterling will be exposed to external data, and any political developments throughout the day. 🇪🇺 EUR – Like Sterling, there is little of note out from the eurozone today. There are bond auctions in Spain and France, however these are not expected to have a significant impact on the […]

london-skyline

Sterling mixed on Brexit news

6th September 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 jumped against its major trading partners on Wednesday, rebounding off a two-week low, after a report that the UK and Germany were prepared to drop a key issue on Brexit negotiations fuelled hopes of a breakthrough in talks. Data in the morning showed a better than expected set of numbers for services which makes up over 70% of UK growth. We have no data out […]