ottawa canada

Trade wars and emerging market crisis

5th 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 the UK, Bank of England Governor Carney confirmed he was in discussions to extend his term to 2020 to help minimise any potential Brexit-related disruption. Construction figures disappointed keeping the Pound pressured across the board. The UK Services PMI is out today and expected to show a slight uptick, though any shortfall would indicate weak growth and pressure the Pound further. 🇪🇺 EUR – Yesterday, data […]

bank of england

Carney exit?

4th 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 – A slow day for the Pound, it lost some of the ground it gained last week. Only news to note was the Treasury’s concession over Mark Carney’s future at the Bank of England. A side note to that is that it’s more about the next governor than Mark Carney himself which could be difficult to select given Brexit. Today at the inflation report hearing it will […]

europe union building

Brexit boost

3rd 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 little in the way of data for the Pound last week and it looked as though it could continue dropping. Michel Barnier conceded that there will need to be an unprecedented deal made between the EU and UK. The Pound had its best two day gains in over 7 months, the higher likelihood of a Brexit deal is the main driver. Over the weekend […]

stockmarket-mobile

Pound pushes higher

31st 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 – Positive signals from both sides over upcoming Brexit talks drove Sterling higher versus the Euro on Thursday, though the ever-present risk of a no-deal divorce means the Pound remains well below 2018 highs. The Pound enjoyed a one-week high against the single currency and was on course for its biggest two-day rise since November. However, in early trading today Sterling has slightly retraced. Versus the dollar […]

london-skyline

Sterling makes large gain

30th 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 made its largest daily gain in seven months yesterday, following comments from Michel Barnier that appeared to concede that there will need to be an unprecedented third-party deal with the UK. This went some way to allaying fears of a no-deal Brexit and improved risk sentiment. The Pound is holding position in early trading today. This morning sees Mortgage Approvals and Consumer Credit figures being […]

houses of parliaments

Theresa May’s comments punish the Pound

29th 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 started the day fairly well against the Dollar, hitting week highs and taking advantage of the pullback in the Dollar. Though against the Euro and Dollar later in the day, the Pound fell back as the Prime Minister Theresa May said that a no deal exit from the EU wouldn’t be the end of the world. Which is a stark contrast to the letter written […]

German government

Political uncertainty benefits Euro

28th 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 remains in a weak position, particularly against the Euro. As long as the political uncertainty remains, this trend could be set to continue. Over the next week there is no data of significance from the UK, therefore it would not be surprising if the Pound weakened further. 🇪🇺 EUR – The Euro has been the main beneficiary of the political uncertainty in the US and the […]

london-skyline

Pound Falters Following Brexit Papers

24th 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 – No economic data of note was released yesterday, but Dominic Raab did speak. He gave a more detailed plan for what a no-deal Brexit could look like. In an attempt to try to show a positive twist, he explained that an extra 9,000 civil servant jobs could be created but on the other hand the realisation of an extra £80bn could be borrowed by 2033 made […]

gb and eu flags

Brexit talks remain in focus

23rd 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 – With no economic data out yesterday, the Pound remained fairly stable and markets focused on any new developments on the Brexit front. Today, the UK government announced that they will publish a batch of documents to advise people, businesses and other groups about how to plan for the possibility of a no deal Brexit, in an attempt to ready the UK for all eventualities. However, Brexit […]

the white house us

Dollar at two-week low

22nd 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 – UK factory orders slipped to a three-month low in August as firms appear to be fearful of international trade tensions as well as the uncertainty caused by Brexit. Despite the worrying data, Sterling enjoyed a positive day against both the Euro and US Dollar with current rates for buying Dollars the best for a week. No data out today. 🇪🇺 EUR – No data out of the […]

us federal reserve

Sterling gains against Dollar

21st 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 held its ground yesterday, but is still languishing at a long-term low. Concerns over forthcoming Brexit talks are still dominating sentiment and keeping Sterling nailed to the floor. There have been gains versus the US Dollar overnight, following comments made by President Trump. However, this goes against the grain of six straight weeks of losses against the greenback. There is no data due today. […]

singapore business district

Emerging market turmoil

20th 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 – Like the end of last week, there is very little data from the UK this week. The only thing of note is public sector net borrowing tomorrow. Due to this, Sterling will be exposed to external data and events, and anything Brexit related that takes place. 🇪🇺 EUR – On Friday Europe’s CPI came out in line with expectations, and therefore had little impact on the exchange […]