While a proud footballing nation mourned another harrowing defeat there was still plenty to be excited about as England received its prize for coming fourth in the World Cup yesterday: a visit from US President Donald Trump. Arriving with a security convoy which looked like it had been plucked straight from the set of a Hollywood movie, the Pres...

2018-07-13 James Harte Read more
Brexit Bill faces defeat

Brexit Debacle Keeps Market Guessing Fluctuating headlines around the ongoing Brexit negotiations continue to be a source of volatility for the market, as investors clamber to react to the changing status of Theresa May’s withdrawal campaign. After securing a compromise with the DUP last week over the highly sensitive Irish border issue, the la...

2018-03-12 James Harte Read more
Sterling

Brexit Volatility Continues GBPUSD has started the week under heavy selling pressure, as the latest political developments have seen Therese May’s Brexit negotiations sabotaged by members of her own government. Last week, traders were responding positively to news that the UK government was prepared to pay around £55 billion under the terms of ...

2018-01-25 James Harte Read more
Theresa May_Brexit_Negotiations_1906

The pound starts the week on a sour note amid fresh political turmoil weighing on PM Theresa May, but GBP traders will vie with a busy week of economic data and speeches from the Bank of England this week. The pound was the top performing currency last week after European Union negotiator Barnier asserted the importance of speeding up Brexit neg...

2017-12-12 Ashraf Laidi Read more
UK_Supreme Court_Brexit

UK PM Theresa May will do her best to end the Brexit stalemate with the EU in dinner with EU Commissioner Jean Claude Juncker. It will be a series of meetings ahead of Thursday’s crucial EU summit over Brexit, which will determine the balance between EU’s insistence that Britain pays the exit bill and reaching a comprehensive agreement over EU c...

2017-10-22 Ashraf Laidi Read more

On the weekend, the German elections concluded with the incumbent, Angela Merkel's CDU/CSU party winning the elections albeit losing some votes to the fringe parties. The sentiment in the euro was a bit dented as a result. Against the British pound, the euro closed last Friday at 0.8833 and opened on Monday at 0.8814. The EURGBP is still to pos...

2017-10-22 John Benjamin Read more

Parliament Approve Bill in First Vote The UK government this week moved one step closer to pursuing its mandate to withdraw the UK from the EU after the House of Commons approved PM May’s EU Repeal Bill in the first round of parliamentary voting. Receiving a majority of 32 votes, the Repeal Bill will now have to pass parliamentary scrutiny befo...

2017-09-12 James Harte Read more
Pound Dollar

Why is sterling suddenly hitting 4-week highs against the US dollar, dragging euro to 3-week lows and even pushing up against the yen? Emerging opposition from the UK Labour Party seeking to have a smoother Brexit is helping the pound. Labour is attempting to garner support from its own party as well as a number of Conservatives to its side to ...

2017-09-07 Ashraf Laidi Read more
Euro and sterling

The common currency is probably heading into posting a second yearly gain against the British pound. Having rallied close to 2009 highs, the euro is seen taking a breather. The euro, which fell to 2007 levels of 0.70 just a year ago has transformed into a strong rally. The gains in the common currency came despite the eurozone facing the immigr...

2017-09-08 John Benjamin Read more
Theresa May_Brexit_UK_3105

Back To School & Brexit As financial markets start to grind back into action after the quieter summer period, one of the main stories dominating news wires is that of UK politicians voting on the EU Repeal Bill.  UK PM Theresa May cautioned last week that the UK could be facing a Brexit “cliff edge” if parliament failed to support her EU Re...

2017-09-06 James Harte Read more