Sterling hit’s multi-month highs – 30th November 2017

Sterling hit’s multi-month highs – 30th November 2017 Sterling continued to trade higher yesterday and is now trading comfortably above its closing rate on November 2nd, the day it fell following the comments made by the Bank of England in the wake of the interest rate hike. Yesterday it reached £/€ 1.1339 versus the Euro

A hard Brexit is looking like a real possibility – 28th November 2017

A hard Brexit is looking like a real possibility – 28th November 2017 A hard Brexit is looking like a real possibility as the EU’s leadership have once again issued another ultimatum to the UK’s Brexit negotiating team over the three primary areas they require proposals on before talks can move to discussing the future

Sterling holds steady as Brexit overshadows the Budget – 23rd November 2017

Sterling holds steady as Brexit overshadows the Budget – 23rd November 2017 If there were any proof needed that Brexit is the sole focus for investors at the moment, the reaction by the markets to yesterday’s budget was that proof. The outlook for growth until 2021 was downgraded by the Chancellor Philip Hammond, yet Sterling

Trouble Brewing at No. 10 Again – 13th November 2017

Trouble Brewing at No. 10 Again – 13th November 2017 Just about the only plank of support Sterling was receiving was unceremoniously removed over the weekend as another rebellions brewed to challenge emerged to the leadership of Prime Minister Theresa May with Boris Johnson and Michael Gove restating their Hard Brexit credentials. They also openly

Well…that wasn’t supposed to happen – 3rd November 2017

Well…that wasn’t supposed to happen – 3rd November 2017 In the press conference yesterday that followed the news that the UK Monetary Policy Committee had decided to increase interest rates by 0.25%, Mark Carney, the Governor of the Bank of England, explained that the prime reason behind inflation running at 3% (and rising) and was

UK Retail Sales Supports Sterling – 10th October 2017

UK Retail Sales Supports Sterling – 10th October 2017 During early September 2017, traders bought into Sterling on the belief that there was going to be an imminent interest rate rise from the Bank of England. On the surface, the UK economy is a long way from needing a rate hike when judged just on

Worst week in a year for Sterling – 9th October 2017

Worst week in a year for Sterling – 9th October 2017 Given the pressure that has been developing on Theresa May from members of her own party (notably from the previous Tory Party Chairman last week), messages of support for Prime Minister Theresa May coming from both Cabinet Members and backbenchers are therefore being treated

Sterling Exposed as Theresa May Fights for No. 10 – 6th October 2017

Sterling Exposed as Theresa May Fights for No. 10 – 6th October 2017 The ongoing political tension that has been circling the Conservative Party since its disastrous election campaign in June boiled over yesterday as Grant Shapps, the former Tory Party Chairman, said he now has thirty colleagues backing a move to oust Theresa May as

All eyes on the ECB today – 7th September 2017

All eyes on the ECB today – 7th September 2017 The big news today is the upcoming announcement by Mario Draghi on the outcome of the ECB policy meeting and any comments about the possibility of a tapering of the quantitative easing programme. Expectations are that the press conference later today will lay the groundwork

Bank of Canada Raises Interest Rates – 13th July 2017

Bank of Canada Raises Interest Rates – 13th July 2017 The Bank of Canada’s Stephen Poloz seized the interest rate torch from the Fed’s Janet Yellen on Wednesday by increasing interest rates to 0.75% while Ms Yellen’s testimony to Congress made it sound as though she was not so convinced about the upward momentum of

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