brexit eu theresa

The battered vehicle that is the ongoing Brexit negotiations took another blow this week as the EU rejected PM May’s Brexit plan, the so-called “chequers deal,” which proposes the UK and EU share a common rulebook for goods and services post-Brexit to avoid the need for customs checks on the Irish border. However, the EU feels this will give UK ...

2018-09-21 James Harte Read more
bank of england brexit

The Bank of England held its monetary policy meeting last week on Thursday. As widely expected, the central bank left interest rates unchanged. Officials highlighted the greater risks on the financial markets due to Brexit. The decision to leave interest rates unchanged comes after just a month ago, the central bank raised the borrowing costs...

2018-09-19 John Benjamin Read more
tech analysis

Daily Forex Market Preview, 18/09/2018 The U.S. Dollar eased back on Monday. The declines came after a renewed threat of trade tariffs. The U.S. administration announced that it would impose new tariffs of 10% on over $200 billion in goods imported from China. A further increase to 25% is expected from January. President Trump warned that re...

2018-09-18 John Benjamin Read more
technical analysis

Daily Forex Market Preview, 12/09/2018 The British pound managed to post some modest gains on Tuesday after data showed that average earnings increased 2.9% on the year excluding bonuses in July. The data beat estimates and the unemployment rate held steady at 4.0%. The pound sterling was giving up the gains from Monday following Barnier’s c...

2018-09-12 John Benjamin Read more
brexit remains key obstacle

BoE To Wait & See The upcoming BoE meeting this week has lost some importance following the bank’s last meeting in August at which the BoE raised rates by a further .25% (rates are now back above 0.5% for the first time in a decade) though signaled that another rate hike is unlikely until after the March 2019 Brexit deadline. [shortcode-...

2018-09-11 James Harte Read more
uk wages

Wage Growth Rebounds After dipping down to 2.4% in the three months to June, UK wage growth rebounded over the three months to July printing 2.6% (520 GBP per week) and beating expectations of a 2.5% reading. The ex-bonus reading was similarly strong printing 2.9% (489 GBP per week) from a prior 2.7% and beating expectations of a 2.8% rea...

2018-09-11 James Harte Read more
uk brexit europe

Brexit To-Do List Ahead of the agreed March 2019 departure date, there are two things that need to happen. The first is for both the UK and the EU to establish a deal around the withdrawal agreement that will cover everything regarding the UK’s exit, such as its financial commitments, the transition period to be honored and importantly, the Iri...

2018-09-04 James Harte Read more
eu brexit

EURUSD Non-Commercials increased their net short positions in the Euro last week selling a further 2k contracts to take the total position to -7k contracts. EUR short positioning has grown steadily over the last three weeks as the market builds a stronger downside view in response to continued data weakness. The latest inflation data saw bo...

2018-09-03 James Harte Read more
forex gbp brexit

After months of heavy selling pressure, GBP bulls finally got some reprieve this week as the Pound rallied in response to news that the EU will offer the UK a trade deal. Michael Barnier, the EU’s chief Brexit negotiator said that the deal will be unlike any other ever offered by the EU. [shortcode-variables slug="act_tradeideas"] Barnier Of...

2018-08-30 James Harte Read more
technical analysis

Daily Forex Market Preview, 30/08/2018 The U.S. dollar was seen trading on the back foot amid a rather busy day. The economic data from the U.S. showed that the economy advanced by 4.2% during the second quarter. The second revised estimates were higher than the initial estimates which showed a 4.1% increase. However, other economic data was...

2018-08-30 John Benjamin Read more