News

Sterling continues good run as no-deal looks less likely

Sterling has sustained its good run as traders continue to reduce their bets of a no-deal Brexit outcome. Although there’s still a lot of ongoing Brexit uncertainty - with no agreement on how and when the UK will leave the EU (or if we even will!) - the majority in...

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May hammered in Brexit vote but Pound buoyant

Theresa May's Brexit withdrawal deal suffered a crushing defeat last night - losing by 230 votes! A defeat was expected but not one of such scale. The DUP (who prop up May’s government) had already said they wouldn’t support the deal but also 118 Tories rebelled and...

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Sterling poised as May Day is upon us

After being delayed last time around, the vote on Theresa May’s Brexit withdrawal agreement finally happens this evening (voting starting after 7pm). The deal is widely expected to be rejected by Parliament, however, the course for Sterling is likely to be determined...

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Happy New Year!

Happy New Year! We wish you a healthy and successful 2019. We enter the new year in very much the same fashion as we left 2018, with there being no major developments over the holiday period. With the thin market conditions we saw some jumpy trading, however the...

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Pound tumbles as May pulls tomorrow’s Brexit vote

The Pound has been tumbling today after reports that Theresa May has delayed tomorrow’s Parliamentary vote on the Brexit deal. Rather than suffer a huge defeat in Parliament, she has opted to pull the vote last minute and she will instead travel back to Brussels to...

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Pound down as May’s Brexit deal faces stern criticism

Sterling has lost ground this morning as concerns increase that Theresa May’s Brexit deal will not get the votes needed to pass through UK Parliament. EU leaders quickly approved the draft agreements on Sunday but criticism has been mounting over Theresa May’s deal...

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Dollar weakens as Democrats take the House from Trump

The USD has weakened today as US mid-term election results show that the Democrats will retake the House of Representatives from Trump's Republican Party. The Republicans have held the Senate but this split in Congress will limit Trump's ability to push forward his...

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