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Sterling Surges – 19th May 2016

Sterling Surges Wow! What a day for Sterling as aggressive buying saw the Pound strengthen by an average of 2% on the day, blowing every other currency out of the water. Among its gains were one and a half US cents, two Euro cents, three Yen...

Sterling Rebounds – 17th May 2016

Sterling Rebounds I am sure many of us have blindly followed the instructions given by sat nav's only to end up at the wrong destination, resulting over time in being less aware of our surroundings. We should therefore all have maps and know how to use...

Sterling lacks direction – 11th May 2016

  Sterling lacks direction There was some movement in exchange rates yesterday but they weren't always obvious. In Sterling's case it managed an upward drift during the morning followed by an direction-less wander after lunch which, overall, was enough for Sterling to end the day in second...

Sterling Falls a Bit – 5th May 2016

Sterling Falls a Bit The idea behind Central Banks dropping interest rates into negative territory is to discourage savings and encourage spending. One could also argue that it should devalue the currency. That is the theory anyway. The ECB though has reason to be concerned that...

Leavers and the Remainers – 3rd May 2016

Leavers and the Remainers As the vote on Britain's EU membership grows closer the political battle is getting desperate with debate ranging from the issues of duty free fags and booze to the prospect of another Scottish independence referendum. All the the tit for tat however...

Sterling Higher After Obama Speech – 25th April 2016

Sterling Higher After Obama Speech Barack Obama's speech at the end of last week, in which he encouraged Britons to vote to stick with the European Union, has gone down well with investors who believe it improves the "Stay" campaign's chance of success. That improvement, in turn, makes...

Sterling continues to weaken – 18th April 2016

Sterling Continues to Weaken The recent theme of Sterling weakness continued on Friday as the UK construction industry contracted by 0.3% in February, the second month in a row the sector has shrunk. Ongoing Brexit fears, recent stamp duty changes, alterations to the tax on second home...