Calm Sterling? – 27th July 2016
Calm Sterling? "Sterling volatility caused by the Brexit vote" (or words that affect) have been published prolifically in the last three weeks but is actually accurate? True, the value of Sterling plummeted as the Brexit vote was announced but in the last three weeks, there hasn't...
PMI readings knock Sterling – 25th July 2016
PMI readings knock Sterling On Friday the Guardian published a Brexit Quiz called "One month on, how much do you know?" If you had answered "Don't Know" to all ten questions you would have scored a very respectable 70%. What we do know however is the impact Brexit...
Inflation numbers not enough to prevent an Interest Rate cut – 20th July 2016
Inflation numbers not enough to prevent an Interest Rate cut After a passable performance on Monday, Sterling was on the back foot yesterday and ended up as the back-marker among the major currencies, falling by an average of 0.5%. On the day it was down by...
Sterling Pounded – 18th July 2016
Sterling Pounded After a great day on Thursday, following the Bank of England's failure to deliver the expected interest rate cut, Sterling had a troublesome day on Friday. Profit-taking was part of the problem but Sterling's decline was mainly the result of a speech by Bank...
British Sport out performs the British Pound – 11th July 2016
British Sport out performs the British Pound British sport certainly had a much better weekend than the British Pound with messrs Froome, Murray and Hamilton recording magnificent victories while Sterling just about broke even against the other dozen most actively-traded currencies. Although Sterling lost out to the...
Brexit Concerns Grow in UK and EU – 15th June 2016
Brexit Concerns Grow in UK and EU The growing fear that Britain could vote to leave the EU next week and the impact that is having on financial markets is no surprise. What is surprising is the narrow ranges that are being witnessed. Oil, for example,...
Another Poll, Another Poll-Axing for Sterling – 13th June 2016
Another Poll, Another Poll-Axing for Sterling On Friday The Independent published the result of an opinion poll it had commissioned, which showed 55% of people wanting to Leave the EU and 45% in favour of Remaining. The ten-percentage-point gap rattled investors and sent Sterling lower. Polls...
Battle of Brexit Continues – 8th May 2016
Battle of Brexit Continues Opinion pollsters are now showing that the Leave vote is now ahead while the bookmakers indicate a continuing lead for Remain. Many investors fall into the "Don't Know" category, hence the volatility of Sterling in recent weeks. On Monday it was higher...