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Dovish ECB Continues StimulusEUR The Euro weakened yesterday afternoon after the European Central Bank reacted to the threat of recession and signalled Interest rates in the eurozone will not rise until next year at the earliest. Mario Draghi, president of the ECB, said rates would remain at their present levels "at least...Market news
No-Deal Tariffs In PlaceGBP Yesterday Trade minister Liam Fox told lawmakers that senior ministers had reached a “basic agreement” on the extent to which it would impose reciprocal tariffs on European Union goods if it leaves the bloc without a deal on March 29. With the details not finalised, Fox said there was no...Market news
Labour Backbench MP's Look to Push...GBP Sterling saw a turbulent day as Brexit continues to control the movement of the Pound. Sterling dipped on Tuesday afternoon as reports surfaced that the majority of Labour Party will not be in favour of Theresa May’s withdrawal agreement with a meaningful vote on May’s deal fast approaching...5th March 2019
Currency Market View - February 2019A second successive monthly win for sterling took it an average of 1.1% higher against the other major currencies. The rationale was much the same as it had been in December: Parliament was doing its best to drag the government away from a no-deal Brexit cliff-edge and it looked...Market news
Mixed Day For SterlingGBP Sterling had initially gained at the start of the day as there were more signs that prominent Brexiteer lawmakers were increasingly willing to consider compromise with May, which increased the chances of her withdrawal deal getting through Parliament next week. This follows on from the weekend...Market news
Rational Thinking - May's Deal...This week: GBP GBP/USD rallied to test 1.33 resistance levels Pound surged to 22-month high Optimism builds over no-deal Brexit and deadline extension Yvette Cooper amendment backed by Parliament by a margin of 502 to 20 MPs vote on the Brexit deal by 12 March MPs to vote on no-deal and possible...Market news
May's Deal Receives Support...GBP Theresa May has received a major boost after an influential Tory backbencher said he was ready to get behind her Brexit deal. Sir Graham Brady of the conservative party said he was likely to support the revised version of the deal and urged other lawmakers to back May’s Brexit deal. Sir Graham...Market news
Sterling Strength EndsGBP Thursday saw the Pound’s week of sustained strength end as Investors paused to assess the continued uncertainty around Brexit and the timing of Britain’s exit. We’ve seen multi-month highs after Theresa May said lawmakers will have the opportunity to vote on a delay to Brexit if her withdrawal...Market news
Sterling Marches OnGBP The pound surged to 22 month highs as optimism builds over a no deal Brexit looking less likely. Earlier in the week, Theresa May said she would look at the option of extending the Brexit deadline beyond March 29th. This had caused the initially rally of the pound. Further Sterling strength on...Market news
Sterling Surges To A Five Month HighGBP Sterling surged to a five-month high against the dollar on Tuesday as investors ramped up bets that a no-deal Brexit could be avoided after Prime Minister Theresa May offered MPs the chance to vote on delaying the process. Prime Minister Theresa May on Tuesday offered members of parliament the...Market news
Rational Thinking - UK Brexit...This week: GBP Week of rumours May sought further assurances from EU Seven Labour MPs quit Three Tory lawmakers quit Meaningful vote postponed EUR German economic data looks weak Germany narrowly missed recession in Q4 No signs of any improvement for EU’s biggest economy USD Fed minutes highlighted...Market news
26/02/2019 - May Considering Brexit...GBP The pound spiked to a four-week high late yesterday after reports came out that stated Theresa May was considering ruling out a no deal Brexit and delaying the Brexit deadline. The report mentioned that May is going to allow the cabinet to discuss extending the deadline at a meeting scheduled...Market news
25/02/2019 - Brexit Vote 12th MarchGBP Over the weekend Prime Minister Theresa May said MPs will be able to have a fresh vote on the Brexit deal by 12 March. May ruled out holding another so-called "meaningful vote" this week but said "positive" talks with the EU were "still ongoing" and leaving on 29 March was "within our grasp"...25th February 2019
Save money on the destination wedding of your...With British summers characterised by rainy spells and grey clouds, it’s no wonder that one in four Brits now get married abroad. Whilst the logistics of destination weddings can be complex, it need not dig a deep hole in your pocket. Our top tips will help you save a great deal...Market news
22/02/2019 - Pound Rallies on Amendment...GBP The Pound continued its recent resurgence on Thursday as there was continued optimism that Theresa May can secure amendments to her Brexit deal. This follows on from the last few days as May tries to persuade the European Commission to modify her withdrawal agreement and obtain the changes...Market news
21/02/2019 - Resignations Rock MayGBP Three lawmakers from Britain’s governing Conservatives quit over the government’s “disastrous handling of Brexit” on Wednesday, in a blow to Prime Minister Theresa May’s attempts to unite her party around plans to leave the European Union. The lawmakers, who support a second EU referendum and...Market news
20/02/2019 - UK Employment Data Pushes...GBP The pound strengthened on Tuesday off the back of strong economic data. UK employment data (QoQ) released showed the number of people in work in the UK has continued to climb with a record 32.6 million employed between October and December according to ONS. Following on from a record number of...Market news
19/02/2019 - Seven Labour Lawmakers QuitGBP Seven Labour lawmakers quit on Monday over leader Jeremy Corbyn’s approach to Brexit and a row over anti-Semitism, saying Britain’s main opposition party had been “hijacked by the machine politics of the hard left”. In a direct challenge to Corbyn, the seven centrist MPs said they were courting...
