Sterling still low ahead of Easter Weekend

18th April 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 dropped marginally yesterday after inflation data failed to live up to expectations and remaining at 1.9%. Whilst there was rising prices for fuel and clothing this was balanced out by falling food prices and recreational costs. Ahead of the long weekend, we have retail sales for the month of March expected to come in higher at 4.6%. With volume lower over the weekend, there […]

UK Inflation Forecasted to Rise

17th April 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 –  Every April for more than a decade sterling has gained versus the dollar due to dividend distributions to British shareholders foreign companies as well as other investment flows to start of a new financial year. The last two years, however, have bucked this trend due to the ongoing Brexit fears, with movement this month barely negligible. Indeed, a lot of the institutional firms in the […]

UK Jobs Report in Focus

16th April 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 very little movement in sterling markets in the absence of any significant data or news flows. Today however might be a bit more interesting with the release of the latest employment figures. The unemployment rate is forecasted to remain at 3.9% in the three months leading up to February and wage growth is also expected to follow suit at 3.4%. Any diversion either […]

us federal reserve

Risk Appetite Up Amid hopes of China-US deal

15th April 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 moves were subdued on Friday in the absence of any data flows or Brexit news as parliament is now in recess until April 12th. Over the weekend both the government and the Labour party said their talks represented the best chance of breaking the Brexit impasse. Talks are set to continue between the two parties despite the recess process. Ahead of the long weekend, […]

Brexit Delayed, Election Fears Weigh on Pound

12th April 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 markets were flat yesterday despite the UK being granted a six-month extension for Brexit. Whilst most investors were expecting an uptick in sterling moves following the extension, it does appear that the market had already anticipated this news. The factor that seems to be playing on the minds on the market seems to be the fear of a possible change of leadership in the […]

UK Granted 6 month Extension

11th April 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 –  Halloween could bring about trick or treat for the UK in six months’ time after the EU granted a flextension to the Brexit deadline. The agreement will allow the UK to leave earlier should the Theresa May be able to get her deal agreed by parliament and the UK must hold the elections to the European Parliament and if it fails to do so, the […]

Theresa Heads to Brussels to Plea Extension

10th April 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 moves were at a minimum yesterday as MP’s backed Theresa Mays plan to ask for a Brexit extension until 30th June 2019. The PM will be at an emergency EU summit this afternoon (due to start at 5pm) to formally request this extension, however the EU is expected to counter with a flexible extension until the end of the year with conditions attached. Todays […]

Brexit D Day Imminent

9th April 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 negative day yesterday ahead of Theresa May’s meetings with France’s Emmanuel Macron and Germany’s Angela Merkel to argue for a short extension of the Brexit deadline until 30th June. Brexit talks between Labour and the Tories will continue today also in what looks to be a busy day of negotiating for Theresa May and her party. Whilst Theresa travels to the continent, […]

Brexit D Day Imminent

8th April 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 Theresa May opened up Brexit negotiations last week, the Pound fell as hopes diminished of an agreement being reached which was confirmed on Saturday. Market direction was dictated by the Prime Minister’s application for a further extension of Article 50 until June 30th which would avoid the need to take part in European Elections by the virtue of the European Parliament not sitting until […]

May Seeks Extension to 30 June

5th April 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 sold off yesterday with gains from Tuesday and Wednesday erased in what looks like profit taking by the markets in the absence of any further developments with Brexit. Talks between May and Corbyn will resume today after four and a half hours of detailed discussions on Thursday with both leaders facing pressure from their own parties about the possibility of a public vote […]

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Corbyn-May Resume Brexit Talks

4th April 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 finished the day higher after talks between Theresa May and Jeremy Corbyn were described as ‘constructive’ and MPs finally managed to agree on something. In a vote in the commons last night, MPs voted by a majority of one for the PM to ask for a further delay in leaving the EU on April 12th, in order to avoid crashing out without a deal. […]

houses of parliaments

When Corbyn met May

3rd April 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 0.8% since yesterdays opening and has continued to do today after optimism that a cross party agreement may well break the Brexit impasse. The PM said yesterday she planned to ask the EU for a further extension to Article 50 but not to be beyond May 22nd. Sterling moved higher initially after this but really pushed on after Theresa May announced that she […]