The Christmas break left the currency market sluggish, but things quickly got back up to speed as the New Year began. Pound Sterling is on mixed form today,

UK wage outlook keeps GBP on soft form, poor data weakens USD. With everyone more focused on turkey rather than the currency market, last week was quiet

Last week saw the recent volatility in the pound continue as investors reacted to some important UK data and the last developments in the Brexit process.

[vc_row][vc_column][vc_column_text]Last week saw some major pound volatility as investors reacted to an eventful week in Brexit negotiations. The pound opened this week trading lower again, with GBP/EUR trending narrowly around €1.1317 and GBP/USD having slumped to US$1.3340. Sterling movement is likely to be more data driven this week due to a number of major domestic […]

[vc_row][vc_column][vc_column_text]Last week delivered some much needed gains for the pound as the UK currency was lifted by reports that UK government was willing to offer €50bn in its divorce settlement with the EU. The pound starts this week on the advance, with GBP/EUR advancing to €1.1400 and GBP/USD trending above US$1.3500. To request an instant […]

Markets will be looking for economically-friendly policies from the Budget on Wednesday. The pound could fall if Hammond continues to cut spending

GBP and USD slump as central banks prove more cautious than hoped. Monetary policy was the focus for the pound and US dollar, while the euro was unsettled

After 10 years of cuts and freezes, the Bank of England (BoE) finally hiked interest rates yesterday. The pound was not happy, however.

[vc_row][vc_column][vc_column_text] What’s been happening? The euro was Monday’s currency winner, recording (and holding) notable gains against the majors thanks to the outcome of Sunday’s first round of voting in the French election. With one of the anti-EU candidates, left-wing Jean-Luc Melenchon, out of the running, the odds of a ‘Frexit’ were reduced, and demand for […]

[vc_row][vc_column][vc_column_text]In a somewhat surprise move, Prime Minister Theresa May has this morning confirmed she wants to hold a snap General Election on 8th of June. Although Downing Street had initially dismissed any early election talk less than a month ago, Mrs May has said that she had ‘only recently and reluctantly’ come to this decision […]