News

Pound buoyant as polls predict a Tory majority

Sterling has pushed back towards the top end of its range this afternoon as opinion polls continue to show the Tories as favourites for the 12th December general election. Boris Johnson’s party manifesto hasn’t rocked the boat with there being no ground-shattering...

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Pound poised as Boris misses chance for his Saturday vote

The pound remains poised today after Saturday’s much-hyped meaningful Brexit vote never happened. An amendment to the bill was passed just before the vote was supposed to happen which prevented it from going ahead. The so-called Letwin amendment was designed to...

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Pound jumps on optimistic Juncker comments

The Pound has rallied overnight following comments from European Commission president Juncker which have increased optimism of a Brexit deal being made before the end of October.  In an interview with Sky news, he said “we can have a deal" on Brexit. He also said he...

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Pound drops as political uncertainty weighs

Sterling has lost ground today as political uncertainty ramps up with Johnson suspending parliament and increading odds of a snap general election.   Last week, Boris Johnson announced plans to suspend Parliament for over 4-weeks from early September which was later...

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Pound jumps on Merkel positivity over finding backstop solution

The pound has just bounced higher following some more positive comments from Germany’s Merkel this afternoon. She suggested that solutions for Brexit and the Irish backstop could be found by the 31st October deadline. This follows on from an upbeat meeting between her...

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Pound set for a good week, particularly against the Euro

Sterling has clawed some ground back this week and looks set for its biggest weekly gain in a couple of months. This follows on from some resilient UK economic data releases this week, including better-than-expected earnings, retail sales, and inflation figures....

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