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31/10/2018 - Pound Spooked Despite...GBP Yesterday saw the Pound sink to new lows as concern about Britain’s departure from the EU led investors to overlook the upbeat budget announcement by Philip Hammond. October has seen a long losing streak for Pound Sterling, as traders have seen any Brexit optimism replaced by fears over the...Market news
30/10/2018 - Final UK Budget Before...GBP The Pound was under pressure yesterday despite chancellor Philip Hammond delivering what he called a budget for Britain’s future and revising up the UKs weak growth forecasts from 1.3% to 1.6%. Hammond described the UK’s era of austerity as coming to an end as he confirmed an additional £20.5...Market news
29/10/2018 - US Economy OutperformsUSD Data released on Friday showed the U.S. economy grew at a faster-than-expected rate in the third quarter as inflation was kept in check and consumer spending surged, however the news did little to strengthen Dollar. The U.S. economy expanded at a 3.5 percent pace in the third quarter as...Market news
26/10/2018 - ECB Still Plans To Cut...EUR The European Central Bank stuck to plans on Thursday to claw back unprecedented stimulus, even as the growth outlook continues to darken and political turmoil in Italy looms large over the currency bloc. Having exhausted much of its firepower with years of support, the ECB reaffirmed that its 2...Market news
25/10/2018 - Investors Fear Political...GBP The Pound struggled yesterday after investors sold Sterling on fears of political upheaval after Prime Minister Theresa May addressed Conservative Party lawmakers at a private meeting in parliament after anger at her Brexit negotiating strategy prompted some of them to discuss replacing her. At...Market news
24/10/2018 - EU May Offer Customs DealGBP Sterling briefly gained on Tuesday after a media report that the European Union could offer British Prime Minister Theresa May a UK-wide customs union to clinch a Brexit deal. The pound’s strength was only brief as the market remains unconvinced May can successfully sell any deal to her...Market news
23/10/2018 - DUP Influence Weighs On...GBP Yesterday saw the Pound suffer its worst day in a month as the Irish border issue and conservative party fractions weighed heavy on the domestic currency. The tone was set early in the day when a major Broadsheet released news that the DUP, the Northern Irish party which props up May’s...Market news
22/10/2018 - Raab Alludes to Extension...GBP Britain could accept extending the post-Brexit transition period by a few months if the European Union drops its proposals for a so-called Northern Irish backstop, Britain’s Brexit minister Dominic Raab said on Sunday. Talks between Britain and the EU have stalled largely over a disagreement on...Market news
19/10/2018 - May Seeks ExtensionGBP Pound Sterling fell against the US Dollar and traded flat against the Euro as the fallout from the EU Brexit Summit became clear. Theresa May’s attempt to make headway on the Brexit talks appeared to take a big step back as she was resigned to make an offer to keep the UK signed up for an extra...Market news
17/10/2018 - May Looks for Unity on...GBP British Prime Minister Theresa May told her ministers on Tuesday they would secure a Brexit deal if they stood together, calling for a show of unity to silence those pressing her to rethink her strategy for leaving the European Union. A day before heading to Brussels for a summit, May is keen...Market news
16/10/2018 - US Retail Sales Flat In...USD U.S. retail sales growth was almost flat in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years. The Commerce Department said yesterday sales edged up 0.1 percent last month after a similar gain in August. This...Market news
15/10/2018 - UK & EU Fail to Agree...GBP The pound has retreated off recent highs with Theresa May’s government facing a showdown over her Brexit plans this week after negotiators failed to find agreement during hectic meetings in Brussels on Sunday. Brexit secretary Dominic Raab dashed to Brussels for hastily arranged talks yesterday...Market news
04/10/2018 - May Appeals for Unity on...GBP In her keynote speech at the Conservative party conference British Prime Minister Theresa May appealed to her Party to unite behind her plan to leave the European Union, warning critics that their arguments could put Brexit in jeopardy. May did not specifically mention her Chequers plan and...Market news
02/10/2018 - Theresa May Preparing New...GBP The Pound rallied yesterday after a senior British government official said Prime Minister Theresa May is preparing to make a significant new Brexit offer to the European Union in an attempt to open the door to a deal. Divorce talks are stuck on the question of how to avoid the need for police...Market news
01/10/2018 - May Calls For UnityGBP Prime Minister Theresa May called on her party on Sunday to unite behind her plan to leave the European Union, making a direct appeal to critics by saying their desire for a free trade deal was at the heart of her Brexit proposals. At the start of what is set to be one of the Conservative Party...Market news
28/09/2018 - UK Interest Rate Hike...GBP Bank of England Chief Economist Andy Haldane said on Thursday that the central bank could decide to raise interest rates or to cut them if there was a disorderly, no-deal Brexit. The decision would depend on a number of factors such as a fall in the value of the pound and the reduction in...Market news
27/09/2018 - Fed Hikes Interest Rates...USD Last night saw the highly anticipated Fed Meeting, and markets were not disappointed as the Federal Reserve raised rates by 25 basis point from 2% to 2.25%. This rate hike was priced in at 100% probability by traders, so all eyes were on the Fed’s rhetoric for future rate rises. They maintained...Market news
26/09/2018 - EU Negotiators Prepared to...GBP Yesterday there were reports that EU negotiators are prepared to offer Theresa May a free-trade area after Brexit but only on the condition that, there will be a customs border that will make trade less than “frictionless”. The paper outlines the rejected Chequers proposal for a special customs...