A quiet day in the end for Sterling – 25th January 2017
A quiet day in the end for Sterling Despite the furore and media frenzy surrounding the Supreme Court ruling on Brexit, it was actually a quiet day in the end for Sterling. For the second time in a week the Government's artful management of market expectations allowed...
Weekly UK Currency Update
Theresa May’s Speech Provides Boost for Pound Euro (GBP EUR) The Pound Euro (GBP EUR) exchange rate spiked this afternoon as investor 'Brexit' uncertainty was alleviated by Theresa May’s speech. The PM confirmed what had been widely predicted for months, that the UK government would not be...
Sterling held it’s ground – 19th January 2017
Sterling held it's ground After Tuesday's strong performance by Sterling, it wouldn't have been much of a surprise had Sterling given back some of those gains yesterday however, that didn't happen and Sterling held it's ground end the day more or less unchanged. Even the UK...
Currency News: UK daily news and forecasts
Pound (GBP) Undermined by Prime Minister’s Brexit Comments Sterling slipped slightly last week, as Britain’s slew of optimistic PMI figures was not enough to give the British currency a firm footing. Instead, the Pound dropped on concerns that the UK government lacked a concise Brexit negotiations...
Narrow ranges were the order of the day
Narrow ranges were the order of the day - 11th January 2017 Trading yesterday was insipid. Narrow ranges were the order of the day and there was a three way tie for top spot (including Sterling) while two currencies tied for the wooden spoon. The main...
Sterling fails to hold onto gains from UK manufacturing PMI – 4th January 2017
Sterling fails to hold onto gains from UK manufacturing PMI - 4th January 2017 It was a positive start to 2017 as share prices went higher and economic data around the world painted a generally positive picture. On the currency markets, any movement was modest with...
New Oil Deal to Fuel Inflation – 12th December 2016
New Oil Deal to Fuel Inflation - 12th December 2016 As the Far East markets opened this morning, the price of oil jumped 4.5% following news of bigger-than-expected production cuts, especially by Saudi Arabia. Today also marks the first day in the job for two new Prime...
Italy and Austria Election Outcome
December 7th, 2016 - Europeans rode an emotional roller coaster on Sunday. Up, then down. The resignation of Italy's Prime Minister Matteo Renzi in the early hours of Monday signalled what so many had feared, that his referendum on political reforms inside Italy would reverberate across...