Yearly Archives: 2018

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Brexit debate sends Pound to 18 month low against US Dollar

5 December, 2018

Robin Haynes

Sterling yesterday fell to its lowest value against the US Dollar since April 2017, as Theresa May suffered 3 defeats in the Commons in the second day of a full week of Brexit debate. Rates for buying Euros also fell to their lowest since September. The government’s refusal to share its full legal advice over […]

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Sterling exchange rates dropping across the board

4 December, 2018

Rob Bastin

December opened the new month with Sterling exchange rates dropping across the board as Brexit deal concerns continue to dominate the headlines with the parliament vote now just only 1 week away. The pound is likely to come under continued pressure leading up to the vote on December 11th and even more so after the […]

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Sterling slides again

30 November, 2018

Nakhil Mahra

Yesterday continued the poor 24 hours the Pound has had. After initially dropping on Wednesday evening the slide continued through the day dropping another half a cent on Wednesdays close, the weak future outlook should we see a no deal Brexit leaving any early gains made in the week nullified. The day was a quiet […]

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Mixed Day for The Pound

29 November, 2018

Simon Eastman

Initially sterling seemed to be on the up yesterday as we saw the pound move up steadily across the board, seemingly peaking at lunchtime. As US markets woke, we saw sideways trading before a correction in the afternoon, but with a raft of lower than expected US data releases it seems it was more sentiment […]

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Could it be a stormy December ahead for the UK’s government?

28 November, 2018

Grace Rae

As we near the end of this trading month there is much to reflect on. We have seen the pound react directly with Brexit developments, losing ground as speculation over the PM’s position being challenged increased then saw some recovery when a draft deal had finally been agreed by all 27 EU leaders. Although a […]

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Brexit deal unpopular with all but EU

27 November, 2018

Paul Newfield

GBP-EUR gained somewhat yesterday morning, showing an upturn of around quarter of a cent. There were a number of speeches by ECB members (including Mario Draghi) throughout the day and some below par IFO data from Germany in the morning. The main topic of discussion from the ECB chief, surpirsingly was something ther than the […]

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Brexit Deal Given EU Go Ahead

26 November, 2018

Simon Eastman

As last week ended with a slight uptick for sterling, as a Brexit deal was agreed and optimism surrounded the upcoming EU summit, where it was expected EU leaders would accept the deal. From the UK’s point of view, this is neither here nor there, as we still have to get the deal through Parliament […]

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Sterling spikes ahead of EU summit

23 November, 2018

Rob Bastin

Yesterday was another day dominated by Brexit headlines, rumours and market speculation that continues the volatile times that we have been experiencing over the last week or so. After trading near its lowest levels of the last couple months in recent days, Sterling received a welcome boost on the news that Theresa May has now […]

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Spain may scupper Brexit deal

22 November, 2018

Matthew Boyle

Yesterday was another poor day for the Pound as ongoing Brexit uncertainty continues to weigh heavy on exchange rates. In what is a quiet week in the way of market data, sentiment continues to drive the market, and at present that is unfortunately against the Pound. In what is a minefield of uncertainty, yesterday saw […]

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Coup close

21 November, 2018

Nakhil Makra

Yesterday was another low key day in terms of any major data announcements, the markets still being driven by Brexit talks and whether or not Theresa May will still be in charge come the end of the week. All eyes have been on the 1922 committee making an announcement that they have received 48 letters […]

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