16th August 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 gained across the board yesterday with traders buoyant over efforts by MPs to prevent a no-deal Brexit. Rebel Tory MPs Dominic Grieve, Caroline Spelman, Oliver Letwin and former Conservative Nick Boles have agreed to meet Labour leader Jeremy Corbyn to discuss how they can stop Boris Johnson pursuing a no-deal Brexit, although they have not committed to backing him as a caretaker leader. The […]

15th August 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 –  Inflation results surprised markets yesterday morning which resulted in gains for the Pound. Expectations were for a slight dip in the CPI measure below the Bank of England target but instead the July readings posted a figure just above the target at 2.1%. This provided a couple of hours of Sterling gains before the market recalled that Brexit risks are likely to result in the […]

14th August 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 –  Average earnings came out in line with market expectations yesterday at 3.7%, which gave sterling some further support against both the euro and US dollar. This was an 11 year high in the year to June, and a key reason for this was due to the unusual timing for pay rises for public workers. This morning CPI is being released from the UK and is […]

9th August 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 very little data from yesterday, sterling moves were muted, the trading range seen throughout the course of the week has remained. Today could bring about some much-needed volatility for the pound with the release of Q2 economic growth estimates for the UK; forecasted to show that growth in the quarter being stagnant at 0%. Industrial and manufacturing production figures are also due at 9.30am […]

8th August 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 –  Market moves on the pound were very subdued yesterday in the absence of any significant data and Brexit news. Risks still persist of a no-deal in Brexit in October and whilst investors suggest that PM Boris Johnson could face a no-confidence vote, the fact remains that there is no guarantee at present that MP’s could force a general election before the end of October. No […]

7th August 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 –  There was no data of significance from the UK yesterday. Despite this, sterling appeared to receive some much-needed support against the euro and dollar. Its fall against the euro halted, and it strengthened marginally against the US dollar yesterday. Michael Gove has been quick to point the finger at Brussels for no developments on a new deal, with the EU’s stance being that Brexit negotiations […]

6th August 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 morning saw the release of services data in the U.K. for July in an otherwise quiet day on the data front. The figure beat expectations and gave the pound a small uptick, though this didn’t last long as Sterling found itself struggling again, falling to new lows against the euro. The pound was pressured following reports that EU said there is no basis for […]

2nd August 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 resilient yesterday with rates staying flat in reaction to what could have been a difficult day. Manufacturing sector PMI results matched with the previous reading but beat expectations which acted as damage limitation and left markets unmoved. Later in the day, Sterling fell against the US Dollar to a fresh low ahead of the Bank of England unanimously voting to hold interest rates […]

1st August 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 found some support out of nowhere yesterday after 5 days of heavy losses. With no data to rely on, it seems the Pound benefitted from month-end demand from traders taking profits which lead to a rapid fightback in the afternoon. Boris Johnson continued his tour of the UK by visiting Northern Ireland but Brexit headlines were limited which probably contributed to the rise for […]

31th July 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 –  Little to no movement throughout the course of European trading hours yesterday with most of the damage done to the pound in the early hours of the morning. Sterling remains near multi year lows as fears of an early general election being called as Boris Johnson and his cabinet continue to push the rhetoric that a no-deal Brexit remains a real prospect. The only notable […]

30th July 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 suffered its biggest daily loss yesterday since March this year with the sole driver continuing to be the increased chance of no deal Brexit Investors thoughts and fears and now turning to the prospect of an early general election. As Boris and his cabinet continue to push on the rhetoric that Britain should be prepared for a no deal scenario, the prospects of a […]

26th July 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 fell off its multi week highs yesterday after a top EU official pushed back against the Brexit policies of Boris Johnson following his first speech to MP’s. Mr Johnson said he was committed to “getting rid” of the Irish border backstop, a key piece of any potential deal. The EU’s chief negotiator, Michel Barnier, rebuffed this commenting that removing that backstop guarantee was unacceptable […]