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 […]

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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 […]

GBPUSD Near 6 Month High on Dollar Sell Off

3rd 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 pound lost around half a percent against the euro yesterday despite UK Manufacturing exceeding expectations. From a political standpoint several polls suggested that the gap had tightened between the UK’s two major parties in the lead up to December 12th election. Construction PMI is set to be released from the UK this morning, this usually has a limited impact on the market. 🇪🇺 EUR […]

Sterling strength holds as Tory majority seems likely

29th November 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 –  Although sterling was buoyed from the MRP poll released on Wednesday evening, it edged off marginally yesterday as the poll was digested by the market. Furthermore, the Labour Party have failed to retake the initiative following on from Jeremy Corbyn’s disastrous interview with Andrew Neil, where he refused to apologise following the anti-Semitism scandal within the Labour Party. He also struggled under Andrew Neil’s forensic […]

MRP poll puts Tories ahead with 68 majority

28th November 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 much anticipated Yougov poll was released last night and results showed that if the election was today the conservative party would win 359 seats, which is up from 317 seats at the last election. This result would mean that Johnson gains a very healthy majority of 68, which is the Conservative’s largest in three decades. The poll also predicted that the labour party would […]

YouGov MRP poll in focus this evening

27th November 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 from its strong performance yesterday after opinion polls outlined the gap between the Conservative and Labour party has reduced. A Kantar Poll published that the Tories lead was cut from 18 to 11 over the past week. YouGov released a poll yesterday evening showing Conservatives 43% and Labour 32%, both up from their previous reading. Despite this, Corbyn’s tax promises felt the heat […]

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Varying opinion polls result in Sterling volatility

26th November 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 afternoon GBP accelerated against its major currency pairs as it was revealed that the implied odds of a Conservative majority has risen from 45% to 70% in a couple of weeks. These figures were publicised by the Betfair Exchange and the Telegraph put together a combined poll which calculated The Conservative party having a 64-seat parliament majority. Some of the pound’s gains were quickly […]

Pound bounces back following poor data

25th November 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 Pound lost ground last week after a rapid sell off on Friday caused its biggest daily drop in nearly 3 weeks. The initial PMI results for Services and Manufacturing sectors showed the biggest downturn since mid 2016 and was significantly worse than expected. This will bolster the argument of the 2 Monetary Policy Committee members from the Bank of England who called for an […]