Pound News: Pound Bullish on Signs of Brexit Progress Most of the Pound’s gains last week came about as a result of comments from EU Chief Negotiator Michel Barnier, regarding progress in UK-EU negotiations. Barnier gave the Pound yet another boost on Monday, as he said it would be ‘realistic’ to expect that a UK-EU deal could be reached within the … Read more Barnier’s Fresh Brexit Comments Boost Pound, Risk-Sentiment Remains Low
Written by: Alastair Archbold FX Manager T: 01442 892 066 The Pound staged a modest recovery during yesterday’s trading session, rising from €1.13 to €1.1390. The catalyst for the move higher was the release of the latest UK inflation figure, rising to almost 3% in the biggest jump in 4 years. Usually higher inflation would … Read more Sterling stages a recovery, but will it last?
Written by Arron Morris Senior Currency Broker T: 01442 892 065 The GBP/USD cross looks set to close above $1.28 after the latest round of U.S. business activity and jobless claims failed to help the dollar this afternoon. Both pieces of data have left investors feeling short changed, and has done little to increase confidence … Read more GBP/USD continues to hold above $1.28.
Written by Arron Morris Senior Currency Broker T: 01442 892 065 The GBP/USD cross rose to $1.2573 this morning, its highest level since 27th March following comments from President Donald Trump. Trump told the Wall Street Journal that the U.S dollar “is getting too strong” and that he would like Janet Yellen and the Federal … Read more GBP/USD exchange rate keeps climbing
Adam Wiffen Currency Broker T: +44 (0) 1442 892064 Yesterday the British government set out plans to convert European laws into domestic law, giving the UK public some much needed certainty as we leave the Bloc. As most are aware on Wednesday, Prime Minister Theresa May formally notified Brussels of Britain’s intention to leave the … Read more UK to convert EU law into Domestic Law
Canadian Dollar round up After another volatile week for the Sterling to Canadian Dollar cross last week, we could be in for more fluctuations in the GBP-CAD exchange rates. We started this week trading around 1.72 mid market. This rapidly rose Monday morning to highs of 1.7335 before lunch time. This was mainly due to … Read more Canadian Dollar round up
Written by: Alastair Archbold FX Manager T: 01442 892 066 In a shock result that markets did not see coming, the UK has voted to leave the EU. Sterling has fallen to its lowest levels since 1985, dropping to $1.35 against the Dollar, and €1.20 against the Euro, before recovering slightly. It’s a 10% drop … Read more Pound falls to lowest levels since 1985 on shock ‘Brexit’ result
Written by: Joe Mayhew Senior Currency Broker T: 01442 892 069 After months of discussing, dissecting, arguments and polling- the EU Referendum is finally upon us. For the casual bystander it has been one of the most divisive periods of British political spectacle in recent memory. There have been highs, watching the Tory civil war … Read more It’s Finally Here…
Written by: Richard Beaumont T: 01442 892 060 This week we will witness possibly one of the most important decisions of our generation. Over the last few weeks we have seen volatility increase, with exchange rates fluctuating massively as the polls show the majority swing between the ‘leave’ and ‘remain’ camps. Sterling to Canadian dollar … Read more To Leave or To Remain? That is the question
Written by Alistair Ryan Currency Broker T: +44 (0)1442 892 061 Sterling managed to gain some ground back against both euro and US dollar yesterday after dropping to a 2 week low against each of them in the previous couple of days. GBP/EUR rates moved up to a day high of 1.2945 and GBP/USD hit … Read more Sterling rises from 2 week low