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 […]

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 […]