city sky

As you were

28th November 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 – As has been the ongoing theme for the second half of 2018, a strong Dollar is dictating moves in the FX markets again this week as ongoing concerns around the trade tensions between the US and China has investors flocking towards USD. The latest update on this has National Economic Council Director Larry Kudlow indicating that there is a ‘good possibility’ of the two countries reaching […]

boston harbour

Trump Talks

27th November 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 Dollar remained steady this morning as quotes from Donald Trump added to concerns around the China-US trade war, which in turn added to the safe-haven demand for the Dollar. Trump declared that he expects to follow through on warnings to increase tariffs from 10 per cent to 25 per cent on nearly $200bn worth of Chinese imports. These latest comments are in direct opposition to […]

gb and eu flags

British Parliament to Vote Brexit

26th November 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 was surprisingly static this morning despite the approval of a Brexit Deal by the EU yesterday, as its 27 leaders approval took the next step to ‘pave the way for an orderly withdrawal.’ The reason for this is that a lot of the talk on Friday was that a deal was always likely to be approved, despite the ongoing questions around EU Fishing Rights and […]

bank of england

Smooth Sunday Summit?

23rd November 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 hit highs of 1.2920 yesterday following reports that the UK and the EU were seeking a free-trade area after Brexit, whilst also being determined to replace the Irish border backstop. In addition, the agreement indicated that there would be equivalence for UK banks in the EU, but negotiations are still being held up over the issues around Gibraltar and the fishing rights of different countries […]

houses of parliaments

Politics, Parliament and the Pound

22nd November 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 general sentiment around the short term Brexit implications appear to have taken a positive step as Theresa May’s negotiations with Jean-Claude Juncker in Brussels are said to be progressing. On the table at the moment is the political declaration that will set out the basis for economic, security and defence cooperation from 2021 onwards, and as of this morning; sources close to the PM indicate […]

Back to Brussels

21st November 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 – Theresa May heads to Brussels today to meet European Commission President Jean-Claude Juncker to negotiate the non-binding political declaration that will outline UK-EU relations from the scheduled end of the transition period in 2021. As Brexit continues to dominate the headlines, expectations are for Sterling to trade sideways until greater clarity emerges as the risk of volatile swings in the rate remain especially high. This is […]

gb and eu flags

Taking the DUP

20th November 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 – Without wanting to bore our readers too much, Brexit remains the name of the game when it comes to Sterling’s fortunes for the foreseeable future with little substantive progress being made at the moment. Despite this, we have seen Sterling trade a fairly narrow range over the past 24 hours; certainly, in comparison to the volatility, we saw last week. The main headline out today is […]

europe union building

No Confidence?

19th November 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 – Depending on who you believe, the leadership challenge to Prime Minister Theresa May is either still a long way off securing the 48 names required to trigger a vote of No Confidence; or a matter of when not if. In response, over the weekend – PM May warned that a formal leadership contest this late in the game would only ‘delay Brexit.’ Whether we reach the […]

houses of parliaments

Mogged Off

16th November 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 so much going on this morning, we feel it best to focus on the short-term risks to Sterling which at present are very high. Firstly, the very real danger of a UK leadership challenge; the process was instigated by Jacob Reese-Mogg and means we are currently awaiting the collection of the required 48 letters from Conservative MPs for an official challenge. The second risk to […]

bank of england

Back or Sack?

15th November 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 – Breaking news this morning saw Brexit Secretary Dominic Raab resign from the government as he could not ‘in good conscience’ support Theresa May’s draft Brexit deal. As part of his resignation, he cited an indefinite backstop arrangement where the EU held a veto over Britain’s ability to exit the bloc as the primary factor. As a result, Sterling has seen a significant drop off this morning […]

houses of parliaments

Critical Cabinet Conference

14th November 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 – Yesterday saw Sterling post its biggest jump in two weeks on news that Britain had struck a draft divorce deal with the European Union after more than a year of talks. As part of the move, Sterling gained 0.3% against the Dollar whilst hitting six-month highs against the Euro as news emerged that with any luck, the UK could yet avoid a ‘hard Brexit’ departure. This […]

No Budge on Italian Budget

13th November 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. 🇪🇺 EUR – With plenty of downside risk surrounding the Euro at the moment including disappointing growth, the Italian Budget standoff as well as the ongoing threat of Brexit – we should also not forget about the upcoming danger of the US tariffs on autos. Previously, Jean Claude Juncker had gained a short-term reprieve for Europe as the negotiations for a European-US trade agreement were ongoing, but with […]