News

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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Sterling soars after Tory landslide

The Conservatives have won a massive majority in yesterday’s general election which has moved the markets.  The Pound soared higher by around 3% just after the release of the exit polls (around 10pm) which indicated a landslide Tory victory.  As the results came in...

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Polls show gap closing on Boris

The Pound has moved off its highs as the latest key opinion poll has shown the Conservative’s lead narrowing. YouGov’s second MRP survey predicts that the Tories lead has moved down to 28 versus 68 two week ago. So, although it still looks like a healthy lead, the...

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Pound makes further strides after latest polls

The pound pushed to some fresh highs this morning as opinion polls continue to show a sizable lead for the Tories. The latest survey from Kantar showed a lead of around 12% points for Boris. This supports the Pound because it creates less uncertainty and a clear path...

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