uk brexit forex

With US and EU politics having dominated the landscape over most of the year so far, attention is now shifting back to the UK where the government’s Brexit battle is in full swing. After much anticipation, UK PM Theresa May last week unveiled her new plan for Brexit. The new agreement affirms that the UK will abide by a “common rulebook for all ...

2018-07-10 James Harte Read more

 EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 2k contracts to take the total position to 34k contracts. EUR long positioning continues to be steadily reduced as the market digests the ECB’s announcement at its last meeting that it will be winding down QE by year end but plans to keep rates unchanged ...

2018-07-09 James Harte Read more
central bank

The Fed: Gradual Policy Tightening In Full Swing The Fed has reaffirmed its commitment to sticking to its plan of “gradual” policy normalisation with two more hikes forecast this year. The economic outlook is good, with the economy on track to grow by around 4% in Q2 2018, boosted by tax cuts with inflation continuing to creep higher. Employmen...

2018-07-05 James Harte Read more
Brexit and the Forex Market

This is the year that we should see how Britain’s future relationship with the European Union pans out. Brexit is undoubtedly one of the most significant political events for the UK over the last few decades, and its impact on the Forex and global markets will last for a long time. So, regarding Brexit and the Forex Market – what could happen? ...

2018-04-24 Orbex Read more
Firm Wage Growth Keeps BOE on Track For A Rate Hike

UK inflation has undershot expectations for the second consecutive month with core inflation printing 2.3% in March vs 2.5% expected and headline inflation printing 2.5% vs 2.7% expected. However, a portion of the latest declines can be explained away by unique events such as the fall in airfares which came despite the early Easter. Furthermore,...

2018-04-19 James Harte Read more
Brexit Negotiations

1 Year Left To Brexit Brexit negotiations have dominated the UK’s economic landscape over the last two years, beginning with the initial referendum in 2016 and then the triggering of exit talks last year. However, with only a year to go until the UK is set to officially depart from the EU, focus on the issue is growing further and talks are ent...

2018-04-03 James Harte Read more
BoE rate hikes in 2018

The Bank of England held its monetary policy meeting this week. As widely expected, the central bank in the UK left interest rates unchanged at 0.50% with a unanimous vote. The central bank’s asset purchases were also unchanged at the pace of 375 billion Pound sterling. At the meeting, the central bank said that it expects interest rates in t...

2018-03-20 John Benjamin Read more
expectations rise for a BOE rate hike

The Bank of England will be holding its first monetary policy meeting of the year this week. The markets expect no changes to interest rates which remain at 0.50%. The Bank of England hiked interest rates for the first time in a decade in November 2017. This came as the central bank hiked rates to contain inflation which overshot the BoE's 2%...

2018-03-20 John Benjamin Read more
UK GDP stays resilient

Economic data from the UK was mixed last week as both the wage data and the GDP data were released over the week. However, the British pound emerged stronger mostly on the back of weakness in the U.S. dollar.   UK GDP expands at the slowest pace in five years Data from the ONS showed last week that that the UK’s economic expansion fell...

2018-02-06 John Benjamin Read more
UK labor market

The markets this week will be focusing on the UK labor market and the advance GDP report coming out. The data is likely to shift focus back to the fundamentals amid continued developments on the Brexit talks happening in the background. The UK labor market and the GDP data comes following last week's inflation report. Data from the UK's Of...

2018-03-20 John Benjamin Read more