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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...

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...

Italy and Austria elections keeping Europe on edge

December 1st, 2016 - If the Dec. 4 referendum in Italy is rejected, it has the potential to send the country's bank shares tumbling, push bond yields up and further weakening the Euro. The referendum is "setting the tone for 2017" on the political and...

Let’s just blame Brexit – 29th November 2016

Let's just blame Brexit Yesterday morning at 9.30am Sterling fell by half a cent against the US Dollar. There was no data or news to act as the catalyst for the decline. So what was the cause? Let's point the finger at Brexit. Pretty much everything...