News

Pound buoyed by improved risk sentiment and Brexit hopes

The Pound has moved higher this morning as market risk appetite improves and after reports indicate the EU might be ready to make concessions on UK fisheries.   Reuters have reported this morning that the EU might be willing to flex on their strict stance on trying to...

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Lack of progress in Brexit talks weakens Sterling

Sterling has been moving lower today as Brexit comes back onto the radar and as Britain continues to struggle with Covid-19. Earlier in the day the British government insisted that it was not going to extend the Brexit transition period regardless of the ongoing...

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Fears of a resumption of US-China trade war hits risk appetite

Tensions between the US and China have flared again which is weighing on the market mood as we enter a new week of trading. Concerns that a US-China trade war will resume have boosted the appeal of safe-haven currencies (such as the USD) but weighed on Sterling. Trump...

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Dollar recoups some losses as Covid-19 continues its spread

The USD has gained across the board today as the coronavirus continues to spread at an alarming rate. Global cases have now exceeded the 1 million mark which is around double the number recorded last week. There’s now a general feeling that the economic recovery from...

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Sterling lower despite huge stimulus package

The UK government announced a huge and unprecedented stimulus programme yesterday to try and allay the economic impact of the coronavirus. £330 billion worth of loans and aid will be made available (the equivalent of 15% of the UK’s GDP) with the pledge to do more if...

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Additional action by the Fed fails to calm markets

Markets continue to be rattled today after coordinated stimulus action by global central banks over the weekend failed to calm investors’ fears over the impacts of the coronavirus pandemic.   To help improve liquidity and global funding markets, the Federal Reserve...

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BoE join the Fed by cutting rates by 0.5%

The Bank of England has just cut interest rates by 0.5% in an unscheduled move to counter the fallout from the coronavirus crisis.   Markets had already been pricing in around 0.38% cut from the BoE this month, so a fair amount of this was already priced in but it...

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Carnage in markets as virus woes continue

Extreme volatility across the markets has continued this morning as the coronavirus continues to spread and investors run scared. Italy has locked down an area containing around 16 million people which includes Italy's second largest city (Milan) and the country's...

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