Yearly Archives: 2018

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GBP falls following further negative Brexit speeches

3 October, 2018

Grace Rae

Yesterday the pound lost some ground particularly against the Euro following a slowdown in construction growth in the UK. Construction PMI data posted 0.4 lower than the expected result of 52.5. However, the more probable reason for the Pounds decrease is down to comments made by former foreign secretary Boris Johnson during his speech at the […]

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Tory Party to Consider Plans to Remove May

2 October, 2018

Pratheep Prabaharan

With little data from the UK this week, much of the focus remains in the ongoing uncertainty surrounding Brexit as it seems further than ever from a clear Brexit plan. Last week Theresa May firmly and confidently stated that she was committed to the decision made back on June 16 to leave the EU. Mrs […]

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Another volatile month?

1 October, 2018

Paul Newfield

September saw GBPEUR rates fluctuate by as much as 2.5 cents over the course of the month, meaning converting £200,000 into euros for buying a property abroad, at differing times, would have seen a difference of €5,000. Could this month be more of the same? In a word, yes. There is a lot that will […]

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Average Day for Sterling; Currency Index Turns 10 Today

28 September, 2018

Simon Eastman

Generally, an average day for sterling yesterday which stayed fairly stagnant across most major currencies with little data to go on for UK investors. Sterling dropped against the US dollar, possibly some profit-taking following recent gains after the Fed raised interest rates the previous night, which was all but priced in fully hence little movement […]

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Federal Reserve raise interest rates

27 September, 2018

Rob Bastin

Wednesday’s trading was another session absent of any data releases, and in this calm, the pound was relatively stable finishing the day much where it started. Sterling finds itself in an uncertain period with some traders still looking to price the uncertainty and negative impacts of a potential ‘no deal’ in the coming months, whereas […]

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Deal or No Deal, EU to decide

26 September, 2018

Matthew Boyle

With little data from the UK this week, much of the focus remains in the ongoing uncertainty surrounding Brexit, particularly following Theresa Mays statement last week. She firmly put the ball back in the EU’s court suggesting it was largely unacceptable for Michel Barnier to reject the chequers agreement without saying why or suggesting any […]

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Another snap election?

25 September, 2018

Nakhil Mahra

After the losses last week, yesterday was a quiet day on the market. With no data to go on trading remained sentiment based, with Sterling still very much under pressure against its significant pairings. There were however further rumours from the UK government, more Tory party members scrutinising Theresa May, a snap election could be […]

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May day for Theresa?

24 September, 2018

Nakhil Mahra

Friday saw the gains made by Sterling wiped off on the back of comments made by Theresa May. Following her meeting with EU negotiators in Salzburg, where they all but rejected the Chequers deal laid forward, May’s speech further dampened Sterling’s plight. With Theresa May adamant the Chequers deal is the way forward, her own […]

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Theresa May rejected Michael Barniers plans on the Irish border

21 September, 2018

Pratheep Prabaharan

This week the pound strengthened and the rate spiked due to inflation figures coming in higher than expected. The spike was short-lived as Theresa May rejected Michel Barniers plans on the Irish border but managed to gain some strength after. The market is very sensitive and volatile, especially with Brexit uncertainty. Mrs May stated that […]

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UK inflation boosts the Pound, but the Irish border remains key

20 September, 2018

Tom Arnold

Yesterday was an interesting day on the currency markets, with Sterling having a rather tumultuous day as a result of various data releases over the course of the morning. First up we saw the Pound drop as a result of news reports suggesting there was a major new disagreement between UK and EU negotiators over […]

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