As the European Central Bank (ECB) prepares to meet later this week, clients are strongly encouraged to stay close to the developments… The latest ECB Interest Rate decision is due at 12.45pm on Thursday, followed by the usual press conference with ECB President Mario Draghi at 1.30pm. The rate is widely expected to remain at […]

Sterling is currently trading at its lowest level against the euro since December 2014. Two key factors are driving this volatility. Sterling weakness, born out the uncertainty over the outcome of the in/out EU referendum, and strength in the euro which has rallied since early December 2015, when the European Central Bank (ECB) announced plans […]

The pound has suffered its biggest loss in 11 months this morning, following Friday’s announcement that Britain’s EU In/Out referendum will take place on June 23rd. As investors continue to lose their appetite for sterling, what should you be doing to protect your position? The dust has begun to settle from last week’s discussions over […]

What has happened? The euro is continuing to strengthen against the UK pound, meaning that if you have euros that you need to convert into pounds now could be a good time to do it. Why has it happened? There are major concerns around the UK’s weak economic data and an expected rate increase from […]

The start of 2016 has already seen volatile swings in currency markets with sentiment among investors and traders turning to risk aversion and a ‘flight to safety’ to safe haven currencies such as the US dollar which has been one of the main beneficiaries. The main concerns at present are to do with the continued […]

That wild partying by the euro in the wake of the ECB’s policy statement may have been a bit too much excitement for a currency that hasn’t been trading with significant strength for some time. It was fun while it lasted, but Mr Draghi is already taking down the bunting and switching off the lights […]

The market’s immediate reaction to the long-awaited ECB meeting has been one of disappointment. ECB President Mario Draghi confirmed that there will be no extra monetary quantitative easing each month, but the programme will be extended to “at least March 2017.” The deposit rate has also been cut by a further 0.10%, taking it down […]

December is set to be a crucial month for central banks in the US and Europe, as markets expect major decisions in the weeks to come. The US dollar has continued to strengthen against its major counterparts as we head into the week. Though there is a spate of US economic data to be released […]

Mario Draghi sent a clear message at Thursday’s European Central Bank (ECB) meeting that the ECB is ready to do all it can to support Eurozone growth. Mr Draghi opened the door for the use of all monetary policy instruments necessary to bring inflation back to target, including a further cut in interest rates or […]

The pound has gained strength against the euro in the last 24 hours, thanks to comments from Bank of England Governor Mark Carney. He expects inflation to improve and says households should prepare for an interest rate rise in the near future. The pound’s strength has been further increased by concerns in the Eurozone, as […]