The pound Sterling has rebounded from the near 2-year lows we witnessed at the start of the month, gaining nearly four cents as the build up to the referendum continues to sway the currency markets.

Sterling surprised the markets on Tuesday as it strengthened on most of its counterparts, despite thin data throughout the European session

The pound for now is relatively calm but implied volatility for June is extremely high, showing the potential for big swings in the run up to, and post, June 23.

Yesterday the Bank of England unanimously decided to keep interest rates on hold for another month, keeping the figure at 0.5% for over 7 years

The pound fell further across the board yesterday, as it continued to fight an uphill battle against the impact of a possible Brexit. Whilst uncertainty about the outcome of the vote still lingers the pound is struggling to find support, and continues to move lower. We can expect further volatility as we approach closer to […]

Currency markets were fairly steady on Monday as much of the session was spent deciphering Friday’s US jobs data. With a positive figure coming out from the NFP, USD strengthened on Friday afternoon. The euphoria on the dollar didn’t carry on into this week however, as the pound bit back yesterday morning on the back […]

A new week has begun however the pound has picked up where it left off at the end of last week by continuing its rapid demise against the euro. A combination of factors has resulted in the euro now trading at it’s highest level in 22 months against the pound. Fear and uncertainty over a […]

Yesterday saw the markets endure a volatile day as the pound tanked on the euro and particularly the USD. The dollar has strengthened significantly in recent days, pushing commodities and stocks down yet again and keeping traders on red alert. The theme of the dollar strength is down to the talk of an imminent fed […]

It was a big day for the UK yesterday as George Osborne released the Government’s budget 2016. In a coup for small businesses, middle class workers, savers and energy companies, Mr Osborne’s tax cuts have been widely criticised as an attempt to woo UK voters in his last statement ahead of the EU referendum in […]

The European Central Bank (ECB) met today and decided to cut the main refinancing / interest rate from 0.05% to a new record low of 0.0%. The bank deposit rate was also cut from -0.3% to -0.4% to further encourage banks to lend to the economy, rather than depositing funds overnight with them. The ECB […]