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Brexit

Breaking Brexit News!

The UK and EU negotiating teams appeared to have reached an agreement before a meeting of European Leaders in Brussels. Prime Minster Boris Johnson tweeted "we've got a great new deal that takes back control." The pound surged through $1.29 against the USD, representing a new 5 month-high whilst...

Market News

Brexit Deal Close But Needs Approval

GBP Britain and the European Union were on the verge of a last-minute Brexit deal on Wednesday but Prime Minister Boris Johnson still has work to do at home to ensure his government and factious parliament approve the plan. After another day of technical talks in Brussels, EU officials said an...

Rational Thinking

Rational Thinking: Sterling Surges...

Last Week GBP: GBP had a volatile start to the week. Concerns grew as EU’s response to PM’s new deal was not promising. Breakdown in talks as Angela Merkel demands to keep NI in Custom Unions. Sterling recovered slightly as Johnson held emergency talks with Irish PM. GBP rallied after Irish and UK...

Market News

Sterling Rallies On Breakthrough...

GBP Yesterday Sterling jumped to its highest levels since the summer amid rising optimism about a potential breakthrough in Brexit negotiations. The Pound was trading up by more than 3% and the rally reverses losses suffered during the recent summer slump, and represents the highest rates in five...

Market News

More Work Needed Ahead of Brexit...

GBP Monday saw the pound lose some of last week’s strong gains as the EU and UK government confirmed that a lot more work is needed to secure an agreement by the 31st October Brexit deadline. The big swing in optimism has not been completely eroded, but the market fell as diplomats indicated that...

Market News

Sterling Surges After Constructive Talks

GBP Sterling surged on Friday to a three-month high amid investor optimism about a last-minute Brexit. The pound has rallied more than 3% since Thursday, its biggest two-day gain since before the June 2016 referendum. EU Brexit Negotiator Michel Barnier said he had had a "constructive" meeting with...

Brexit

Brexit Updates: 7th – 11th October

During the week, there was doom and gloom surrounding the value of the pound because of various negative Brexit events. However, the pound hit its highest value in seven months on Thursday because of promising talks between the UK and Ireland. Here are the key Brexit events that shaped the currency...

Market News

Boris Johnson & Leo Varadkar agree...

GBP Sterling rallied on Thursday afternoon as Boris Johnson and Leo Varadkar agree they can ‘see a pathway to a possible deal’. The two leaders had ‘constructive’ talks on the UK’s Brexit proposals and believe a deal ‘is in everybody’s interest’. The talks concentrated on the challenges of customs...

Brexit

5 things you probably didn’t know about...

If Brexit were a novel it would be James Joyce’s 1939 work Finnegans Wake – widely regarded as one of the most confusing books ever written. For a start, there’s no clear plot. Instead, it’s a stream of random thoughts and words, expressed using peculiar language. Eight decades since it was first...

Brexit

Brexit: the potential outcomes explained

Trick-or-treating could get serious this Halloween if the UK government’s latest deal for Brexit is rejected, then it's back to the drawing board and the UK could risk another Brexit extension or leaving the EU without a deal. So, whilst we await the verdict, how might the potential outcomes impact...

Market News

DUP Will Oppose Any Backstop Concession

GBP Sterling had another volatile session yesterday. The pound initially gained on reports the EU would offer concessions to the Irish backstop, but fell after the Northern Irish Party that supports the British government said it would emphatically oppose concession on any Brexit deal. EU officials...

Market News

Brexit Talks Appear to Breakdown

GBP Sterling fell to 4 week-lows against both the EUR and USD on Tuesday amid reports of a breakdown in Brexit talks between the United Kingdom and the European Union. A Downing Street source claimed that the British Prime Minister Boris Johnson and the German Chancellor Angela Merkel had spoken...

Brexit

How will trade tariffs impact your...

The British public voted to leave the EU way back in June 2016 and much has happened since then – from rejected deals and delayed deadlines to a general election, new Prime Ministers and now a possible deal! The one thing that hasn’t happened, however, is the very catalyst for all these events:...

Brexit

Brexit help – useful resources for...

Here are some links to official government resources to help prepare your business for leaving the EU: Brexit Advice for Businesses To read the government’s no-deal readiness report, click here . To receive official guidance to make sure your business is prepared for Brexit, click here . To find...

Market News

Johnson Urges EU to Break Brexit...

GBP Prime Minister Boris Johnson told the European Union on Monday that the Brexit ball is in their court and that the bloc should now urgently discuss his proposal in detail for breaking the deadlock in talks ahead of Britain’s departure on 31st October. With just 24 days to go before the United...

Rational Thinking

Johnson gave details of "final...

Last Week GBP: Turbulent week for sterling. Johnson gave details of ‘final’ Brexit deal. Deal included customs checks in Ireland. Conservative Party said this is a “tolerable deal.” Johnson offered little clarity during speech. Market is largely sceptical. USD: U.S. economy is slowing. Weakness in...

Brexit

How to prepare for a No-Deal Brexit

How prepared is your business for a no-deal Brexit? July 2015 seems an age ago for businesses with international payment requirements when the pound reached a seven and a half year high (€1.44) against the euro. Back then, even the most optimistic Eurosceptics couldn’t have predicted that an EU...

Brexit

How a currency hedging strategy can...

Brexit currency hedging; what is it and how can implementing a hedging strategy help your post-Brexit currency risk management? Currency markets are volatile at the best of times, as exchange rates fluctuate under the influence of a constant stream of political and economic variables. Unfortunately...

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