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Trump ordered strikes leads to safe havens strengthening

3rd January 2020 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 morning UK Manufacturing PMI slid at its fastest rate since July 2012. The figure came out at 47.5, beneath the forecasted figure of 47.6 and down from the 49.1 reading in November, its lowest level in nearly 8 years. Anything below 50 shows contraction and Reuters reported “a tepid global economy hurt demand and businesses further reduced stocks of goods they had built up in […]

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Bumpy sleigh ride for Sterling

20th December 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 choppy but positive morning, Sterling suffered heavy losses yesterday afternoon against all major currencies following the Bank of England interest rate decision and statement. The two members who called for a rate cut in November maintained their stance but failed to convince any of their colleagues to join them. The accompanying statement attempted to dismiss market concerns that a rate cut is on […]

Pressure on pound remains as inflation drops

19th December 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 sterling continued its losing streak as it prepares itself for Friday’s vote. Again, it comes down to that worry of the no-deal Brexit once again showing its face. After all its continued strength the pound is on course for its biggest two day fall in nearly two years. JP Morgan has released an statement showing an uncomfortably high chance of the UK leaving with […]

Johnson looks to resolve Brexit in 2020

17th December 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 has dropped nearly 2 cents against the euro and dollar overnight. The reason for this is because Boris Johnson is looking to pass his Brexit Bill this week. However, he is adding in an additional clause, which makes it illegal for the government to extend Brexit beyond the end of next year. As the government will only have until the end of 2020 to […]

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Johnson’s “stonking” election win sees sterling continue to soar

16th December 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 –  Many of the British public, including investors, breathed a huge sigh of relief on Friday, as Boris Johnson’s staggering win in the election saw the pound soar 2.5% higher against most of its major counterparts. Sterling reached a 19-month high versus the dollar and its strongest levels against the euro since shortly after the 2016 Brexit referendum. Mid-day trading on Friday however, did see a […]

Election results imminent as markets remain volatile

12th December 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 saw no data releases for the UK, as sterling movement continues to be reactive to election polls which trigger traders to take their market positions. The expectation is that anything other than a Tory majority will cause the pound to fall sharply, however there could still be room for sterling to strengthen with a conservative majority. Recent polls have indicated that the Labour party […]

Sterling experiences last minute wobble

11th December 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 continued to hold its recent levels during the day yesterday as the final days of campaigning take place. The Pound briefly hit a seven month high against the US Dollar in the morning before edging back slightly. This was despite the UK economy experiencing zero growth in October and posting its lowest annual growth in nearly 7 years. Sterling is solely focused on the […]

Sterling still high

10th December 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 the general election only 2 days away sterling rallied to a new 31-month high against the Euro and the highest level since April against USD. Yet again traders pointed towards the Conservative party maintaining a majority in the polls as the reason behind the pound strengthening yesterday. The final and most significant poll is taking place this evening at 10pm – the YouGov MRP […]

Pound climbs to 31 month high versus the Euro

9th December 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 continued its impressive run on Friday making new highs across the board as the polls continue to put the Tories ahead. Sterling versus the euro is now at a new 2 ½ year high. The pound has even continued to rise this morning as we head into the final week of the UK general election after the closely watched MRP poll on Sunday gave […]

Sterling pushes to new multi-year highs

6th December 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 had a very strong day yesterday and is this week’s best performer of major currencies having risen by around 2% versus the US Dollar over the last few days. This is on the back of growing confidence that the upcoming General Election will return the Conservative Party to Westminster with a healthy majority. This will remove the near-term uncertainty that a hung Parliament would […]

rates table

Sterling at highest level since May 2017 against the Euro

5th December 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 –  Throughout yesterday and into this morning the pound rallied against all its major currency pairs by over 1%. The standout and notable performing pairs included GBP/EUR, rallying to over a 2 and a half year high, GBP/USD and GBP/JPY, achieving a 7-month high, and GBP/CNY, at its highest level since the June 2016 EU referendum result. The continued theme over the last couple of weeks […]

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Sterling soars to 7 month highs as Boris gathers election momentum

4th December 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 British pound is now trading at its highest level since early May off the back of election rumours. Boris Johnson is on course to win a majority of 68 in parliament according to YouGov, which accurately predicted former prime minister Theresa May’s loss of her majority in a 2017 election. The opinion poll pushed sterling to its highest level against the euro since May […]