ECB bring end to Bond-Buying

14th December 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 – The headline market news yesterday was the formal conclusion to the ECB’s €2.6trn bond purchasing scheme, after three years of helping to prop up the Eurozone economy via the injection of cash. While the announcement was fully expected, the interesting takeaways were very much that monetary policy is likely to remain loose and accommodative as ECB President Mario Draghi pointed towards the risks associated with […]

Maimed May heads to EU Summit

13th December 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 – This morning, Theresa May will be jetting off to an EU summit, with the wounds in her back still fresh from lasts night’s Tory leadership challenge that she managed to win by 200 votes to 117. Despite the victory, Sterling fell off from highs of $1.2672 yesterday as the margin of defeat was digested by the markets overnight. In terms of positives to take from the […]

europe union building

May facing Leadership Challenge

12th December 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 – Headlines out this morning were all focused on the news that Theresa May is set to face a leadership challenge from within her own party. This is after the 1922 Committee, a group of influential backbench members of parliament, proclaimed they had reached the required 48 letters of no confidence in the PM to trigger a leadership vote between 6pm and 8pm tonight. The main trigger […]

gb and eu flags

Last minute change of plans

11th December 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 – Having covered off the three most likely outcomes of yesterday’s vote in our previous report, naturally Theresa May decided at the 11th hour to postpone the Parliamentary vote on Brexit as she hopes to return to Brussels to seek concessions on the Irish backstop. This is because all indications pointed towards a huge defeat, which has reignited concerns about the UK’s departure from the EU in […]

houses of parliaments

Volatility likely in light of tomorrow’s Vote

10th December 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 – So after all the build-up, Prime Minister Theresa May’s Brexit deal will be put to Parliament tomorrow for a vote, with all signs suggesting that it will be rejected by MPs. As such, we have summarised the most likely outcomes as follows. The first thing to analyse will be ‘1. How large is the loss?’ with reports suggesting that as many as 100 Conservative MPs may […]

boston harbour

Dollar looks to Data for Hangover cure

7th December 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 is nursing a hangover this morning after experiencing a day to forget yesterday as increasing speculation that the Federal Reserve is looking to take a pause from its steady rate hike cycle in 2019 saw it weaken off. This is after the Wall Street Journal reported last night that while a rate hike in December was still on the cards, the state of the […]

bank of england

Brexit defeat looms for the PM

6th December 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 – As we near the end of the week, the large divisions in UK politics as well as the cloud of uncertainty around Brexit continues to weigh on the Pound. As part of this, it is hoped that Tuesday’s vote on Theresa May’s Brexit deal will help give some further clarity on the likely trajectory of the Pound in the short term. In line with this, according […]

blackfriars bridge evening

Opposition MP’s – 3, Government – Nil

5th December 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 new 17-month lows yesterday after PM Theresa May’s government was extraordinarily defeated in three Brexit-related votes as MPs in Parliament sought to reassert themselves on the process. As a result of the votes, the government must now publish in full, the legal advice that it has so far collected on Theresa May’s deal; this is something they had no intention of doing. In addition, […]

gb and eu flags

Debate set to highlight Brexit Divisions

4th December 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 continues to suffer more than any of the world’s most impactful currencies as evidenced by the fact that it was the only currency in the G10 that did not benefit from Dollar weakness overnight [see below]. The causes for this all vary but ultimately fall under the overbearing umbrella of Britain’s exit from the European Union. As part of this, the latest updates yesterday had […]

skyline of new york business district

Trump’s Trade Truce

3rd December 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 far as the overall economy is concerned, the big news out this weekend came out of the G20 summit in Argentina where Xi Jinping and Donald Trump were able to come to an agreement to stop the US from increasing their current tariffs on $200bn worth of Chinese imports. Instead, the two parties will enter new trade negotiations with the goal of reaching an agreement […]

the white house us

Trade Tensions at G20

30th 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 focus for the US Dollar going forward this weekend will be the G20 summit in Argentina that is kicking off later on today. Here it is expected that US President Donald Trump and Chinese President Xi Jinping will meet to discuss US threats to increase their current tariff levels on $200bn worth of Chinese goods from 10 per cent to 25 per cent, with additional […]

us federal reserve

Talk isn’t Cheap

29th 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 had a rare off-day yesterday as the fears of bullish investors came to fruition as the Federal Reserve softened their tone around the pace of forthcoming interest rate increases. This was after Chairman Jerome Powell indicated that US interest rates were “just below the neutral level”, leading investors to believe that the rate hike cycle was nearing its end. This view is very different […]