Yearly Archives: 2018

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Mixed week for the Pound

12 February, 2018

Nakhil Mahra

What goes up must come down. After escalating on Thursday following the BoE speech, hinting at early an early interest hike, the Pound soared providing a buying opportunity for those who have been holding off your currency purchase. Both against the Euro and USD briefly breaking levels seen mid-January. However, those hoping that these levels […]

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Hawkish Bank Sees Pound Rise

9 February, 2018

Simon Eastman

Yesterday we saw the pound rise following the latest Bank of England policy meeting. At the end of the 2 day meeting the Bank left interest rates unchanged which was a unanimous decision and widely expected but their subsequent hawkish stance on future policy was certainly not expected and saw the pound rise against all […]

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Pound Falls Sharply

7 February, 2018

Robin Haynes

The Pound fell again yesterday, wiping out recent gains against the US dollar and Euro. Sterling reached its lowest level against the Euro since late November, and against the US Dollar since mid-January. Selling off in financial markets in the UK and Asia in the morning contributed to a change in sentiment, showing how vulnerable […]

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Sterling drops after more poor UK data

6 February, 2018

Rob Bastin

The new week kicked off yesterday with more pressure on Sterling, continuing the trend February so far. Last week UK PMI figures for the Manufacturing and Construction sectors both came in worse than expected, with Construction only marginally avoiding a contraction in the sector. Yesterday we had the 3rd and largest sector for the UK […]

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Quiet week for UK Ecostats – will the Euro continue to gain?

5 February, 2018

Matthew Boyle

It is a quiet week in the way of data, particularly from the UK, so will the Euro continue to gain against the weakening Pound? Last week saw the Euro claw back some of the lost ground against the Pound – better than expected German and Spanish employment data combined with a poor Uk production […]

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Euro Clawback?

2 February, 2018

Nakhil Mahra

The first day of trading in February proved to be a busy one, with data from all 3 major currencies. First up was the UK with manufacturing PMI down slightly to 55.3 compared to 56.5 last month’s figure, resulting in GBP to lose half a cent against the Euro and USD after opening the day […]

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Sterling gain against the Euro

1 February, 2018

Paul Newfield

Despite the large amount of ecostats released yesterday and more on the way today from both the EU and the US, there is little opportunity, other than positive Brexit negotiations, for the pound to maintain the heights it currently stands at and saw last week, particularly for any sterling gain against the euro, as there […]

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Still great levels for the Pound-to-Euro and Pound-to-Dollar

31 January, 2018

Grace Rae

Although yesterday was relatively quiet in the way of eco data we did see some positive movement and great levels for the Pound during the day’s trading. With little out in the morning the day had started quietly, and towards the afternoon’s trading we saw the rates pick up – mainly against the Euro, and […]

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Brexit transition period to be extended to 2021

30 January, 2018

Ashley Finill

Brexit has once again dominated the headlines yesterday as the whole saga continues to dictate the currency market. On Monday, 27 countries within the European Union voted in favour for the Brexit transition period extended for the UK, effectively leaving the EU at the end of 2021. This means that during this transitional period the […]

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Currency News This Week

29 January, 2018

Tom Arnold

Last week was a busy one on the markets with all of the majors making strong moves in one way or another. Early in the week the Pound was winning the currency race, with rates for buying both the Euro and the Dollar up to close to pre-election highs. Largely this was backed by technical […]

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