Second Chance to vote on Brexit?

18th January 2019 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 was on track for its longest run of weekly gains following news out yesterday that Jeremy Corbyn was open to the option of a second referendum on the UK’s exit from the EU. As part of this move higher, sterling has climbed versus all of its major peers this week, as talks have begun between the government and opposition parties as Theresa May attempts to […]

blackfriars bridge evening

Cross Party Consensus

17th January 2019 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 – Yesterday evening, Theresa May’s government narrowly survived a no confidence vote instigated by the Labour party by 325 votes to 306. While the result was fully expected, GBP/USD continues to move tentatively higher as a greater number of market-friendly outcomes are slowly being priced in. The first of these is the possibility for a cross-party deal which is currently being discussed in Parliament; whether this actually […]

houses of parliaments

Worst Defeat Ever

16th January 2019 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 Brexit deal agreed between the UK Government and the EU in November was defeated by 432 votes to 202, making it the worst defeat ever experienced by a modern UK government. As a result, Sterling moved higher late last night as the scale of the defeat increased the likelihood of a delay to the UK’s departure from the EU. As part of this, markets also […]

Judgement Day for May

15th January 2019 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 – Following a delay on December 11th, today will finally see MP’s vote on the Brexit deal agreed by Theresa May and the EU in November, for which expectations are that the government will be defeated. Whilst this has been largely priced in, the magnitude of the defeat will be the litmus test in terms of how likely May would be to get a revised deal through […]

europe union building

Brexit to be Blocked?

14th January 2019 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 – After a week in which we saw a change in rhetoric away from a Brexit Deal and towards a Brexit delay or No Brexit, GBP/USD hit its highest level since December 4th. As part of this, Sterling has been helped further by rumours that EC President Jean-Claude Juncker will send a letter confirming the temporary nature of the Irish backstop today in an attempt to help […]

gb and eu flags

The (relative) Calm before the Storm

11th January 2019 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 continues to be under pressure following the latest reports that Theresa May is openly discussing a Brexit ‘Plan B’ as it appears she may have given up on attempts to try and get her current deal to pass a vote in Parliament on Tuesday. As a result, the GBP/USD rate fell by 0.2 per cent yesterday, due in part to the Dollar’s mild recovery after […]

blackfriars bridge evening

Government: 0, Parliament: 2 ahead of key Brexit Vote on Tuesday

10th January 2019 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, Brexit headlines meant Sterling had a volatile day yesterday. As part of this, GBP/USD was up 0.6% on the day overall, moving over $1.28 briefly before falling off. The main cause for this was the fact that the UK government received their second parliamentary defeat in three days, which now means that they will have to return to Parliament with a new Brexit alternative […]

gb and eu flags

Brexit vote promises volatility

9th January 2019 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 – Yesterday, GBP/USD was 0.5 per cent lower after the government confirmed that the vote on Prime Minister Theresa May’s Brexit deal would take place on January 15th. This was mostly due to the fact that any deal is unlikely to get through Parliament due to a lack of support. This was further evidenced last night as the government suffered a defeat in their attempts to pass […]

Downtrodden Dollar

8th January 2019 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 the return of Brexit discussions in Parliament yesterday, Sterling gained 0.4 per cent largely as a result of the ongoing Dollar weakness that has been prevalent at the start of the year. Looking ahead, investors expect the next two weeks to be very volatile for GBP/USD as we await the upcoming vote on Theresa May’s Brexit deal which has been confirmed for the 15th January. […]

houses of parliaments

Parliament back to Brexit

7th January 2019 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 each day that passes without an agreed Brexit deal, the chances of Article 50 being extended increase, with any ongoing uncertainty likely to be negative for Sterling and the UK businesses as a whole. As part of the latest update, today will be significant as it marks the return of MPs to Parliament following their Christmas break, ahead of the crucial Brexit vote which has […]

houses of parliaments

MP’s shout ‘No Deal’

4th January 2019 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 – This morning saw reports emerge of a YouGov survey which indicated that 59 per cent of Theresa May’s Conservative Party were opposed to her Brexit deal as it currently stands. In what is the first indication of sentiment following a Christmas period in which May’s team supposedly attempted to convince MP’s of the essential nature of the deal – it appears her attempts have fallen on […]

europe union building

Safety First!

3rd January 2019 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 Prime Minister Theresa May will hope to speak to a number of EU leaders this week, including German Chancellor Angela Merkel and European Council President Donald Tusk in a hope to gain some further assurances on her current deal. In the meantime, the UK remains in a state of flux which is causing companies to hold back on spending and severely undermining their ability to […]