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 […]

gb and eu flags

Brexit Backstep

12th 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 –  Following a positive week last week, Sterling has seen a large drop off this morning as Theresa May was forced to abandon plans for an emergency cabinet meeting to approve a Brexit deal over the weekend, following fresh opposition both at home and abroad. At home, Mrs May is facing the threat of further resignations from several pro-EU ministers after Jo Johnson, the former transport […]

us federal reserve

Hawkish Fed helps Dollar higher

9th 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 decline after Tuesday’s midterm elections lasted all of two days like this morning it is once again well bid following yesterday’s Federal Reserve meeting. At the meeting the Fed maintained ‘economic activity [had] been rising at a strong rate’ with a GDP growth average of 3.3% per cent for the first three quarters of 2018. As a result of this, the Fed confirmed the […]

rates table

Take it to the Fed

8th 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 – Now that the US Midterms have been completed, and the likely outcomes discussed – the focus now shifts to today’s FOMC meeting for which rates are widely expected to remain unchanged. As part of this, previous forward guidance from the Fed has indicated that we are likely to see a rate increase in December and a further two in 2019, as long as the economy continues […]

us federal reserve

Two years on, the US votes on Trump’s America…

7th 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 – Yesterday’s midterms came out largely as expected with the Democrats taking the House by 219 to 193 seats (a smaller margin than expected), while the Republicans took the Senate winning 51 seats to the Democrats 45. In terms of Dollar impact – this news acted to weaken the Dollar slightly as the likelihood of loose Republican fiscal policies such as President Trump’s latest proposed tax cut […]

boston harbour

America goes to the Polls

6th 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 – Today, the most significant market mover is the US mid-term elections for which there remains a lot of expectation that the Democrats will regain control of the House of Representatives while the Republicans are expected to hold the Senate. Secure seats aside, within the House – there are approximately 45 Republican seats that could go either way with roughly 3 Democrat seats at risk. For the […]

the white house us

Brexit. Midterms. Italy.

5th 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 – Sounding much like a broken record, the ebb and flow of Brexit continues to be the main driver of Sterling with this weekend’s headlines claiming that the UK and the EU had reached a ‘secret’ agreement on the Customs Union. This reported agreement includes a significant concession that will allow the whole of the UK to remain in a Customs Union which would also avoid a […]