News

Euro strengthens as Coronavirus causes chaos in the markets

The volatile week in markets has continued today as fears of the spread and impact of the Coronavirus continue to grow. These fears have led traders to seek traditional safe-haven assets and consequently US treasury bond yields have been dragged to record lows. Stock...

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Pound retreats as post-Brexit trade worries return

The Pound has given up most of the gains it made last week after the EU and the UK outlined their stances ahead of the upcoming trade negotiations. Boris Johnson and Michel Barnier provided almost opposite positions on some key elements of the future talks which...

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BoE keep rates on hold at 0.75%

The Bank of England have just voted to keep interest rates on hold at 0.75%. The odds of a rate cut from this eagerly awaited decision had dropped from 70% to around 50% following solid employment figures and better-than-expected PMI surveys last week. Only two...

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Pound weakens on dovish BoE and weak growth data

The Pound has lost ground this morning following weak UK growth figures and negative Bank of England policymaker comments over the weekend. The NIESR GDP figures have estimated growth over the last 3-mths as -0.3% which is a notable miss and suggests the UK economy...

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Happy New Year!

We wish you all a very healthy and prosperous 2020! Last year was very unsettled in the currency markets and this year promises to be similar.  Sterling was sold off into the Christmas break as traders took profits on the previous General Election bounce. It staged a...

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