News and Analysis

Market News and Analysis

28/02/2020

GBP retreats as trade talks begin

GBP Sterling fell to five week lows against the euro on Thursday, as Britain confirmed a hard stance on trade talks with the European Union. Reports are also suggesting that the new Finance Minister may not spend as much as expected, which has caused the pound to weaken further. The new Finance Minister, Rishi Sunak, […]

27/02/2020

Sterling falls amid budget concerns

GBP The pound fell on Wednesday following market speculation of a delay to the UK’s budget announcement in March. Investors sold GBP during Wednesday’s trade as fears grew that the budget may contain less fiscal stimulus than markets had initially hoped for, especially in the immediate aftermath of the appointment of Rishi Sunak. According to reports, Sunak may […]

26/02/2020

Coronavirus Steers Market

GBP The pound rebounded yesterday as markets worrying about the spread of the coronavirus found some stability, encouraging investors to pare back their rush into dollars that had sent GBP lower. Analysts will also be watching for developments in Brussels and London ahead of the European Union and Britain beginning their negotiations to agree a […]

25/02/2020

Investors fell to safe havens

GBP Sterling traded lower yesterday as investors fled to safe haven assets as the latest spread of the coronavirus renews fears of a global economic slowdown. During Monday’s trade, GBP fell as low as 1.2887 against USD and 1.1895 against EUR. The bout of weakness in sterling follows reports over the weekend that the virus […]

24/02/2020

Sterling higher as post-election recovery continues

GBP Sterling moved higher against both EUR and USD on Friday, as the UK manufacturing sector showed a post-election recovery. The Markit Manufacturing PMI posted it’s fasted rise in output for 10 months as data surpassed expectations of 49.7 to read 51.9. The uplift in data is good news for the UK and has raised expectations […]

21/02/2020

Sterling falls to multi-month lows

GBP Sterling fell to three month lows against the US dollar on Thursday, as USD strengthened to sweep away the pound’s recent gains following the appointment of new Finance Minister, Rishi Sunak. GBP paid little attention to data showing a rebound in the UK economy, as retail sales came in above expectations at 0.9%. Sterling has […]

20/02/2020

Sterling falls to weekly lows

GBP  The pound fell to a weekly low yesterday, despite positive inflation data. UK Inflation surged to a six month-high in January, beating expectations of 1.6% as it came in at 1.8%, close to the Bank of England’s 2% rate. This should see policymakers hold off on an interest rate cut at the next meeting […]

19/02/2020

Budget date unchanged

GBP Sterling climbed to three and a half year highs against EUR on Tuesday. Gains in GBP-EUR rate come from a combination of ongoing concerns that the coronavirus will impact eurozone economy growth and the news that British Finance Minister, Rishi Sunak, will deliver the UK budget as planned at the beginning of next month. Rishi Sunak, […]

18/02/2020

Euro falls to multi-year lows

EUR The euro fell to 3-year lows yesterday as investors worried about weakening growth in the region, while Chinese efforts to limit the damage from a Coronavirus outbreak appeared to calm markets, with the yuan and Australian dollar supported. The session was light on economic data but traders are looking to a German business sentiment […]

17/02/2020

Market encouraged by Sunak appointment

GBP Sterling saw its biggest daily gain against the euro on Friday since the general election due to the appointment of new Chancellor Rishi Sunak. The pound strengthened due to the belief that Sunak will take a more liberal stance with his spending plans in order to boost the economy. Many believe that a more […]

14/02/2020

Sterling Strengthens As Javid Resigns

GBP The pound had a strong showing on Thursday as Chancellor Sajid Javid resigned and investors positioned for a higher-spending budget under a new finance minister. It was a well-known secret that Javid was cautious when it came to fiscal policy, and this was the apparent root of tension between Number 10 and the Chancellorship. […]

13/02/2020

International Bank Transfers – should I use my bank or fx provider?

Currency market risk is the threat of political and economic variables triggering exchange rate fluctuations that drive up the cost of your international payments. The potential impact of these unpredictable movements on the cost of sending money overseas highlights the importance of seeking expert currency market guidance and insight. This leaves you with a big […]

13/02/2020

Sterling remains supported

GBP Sterling remained supported on Wednesday, holding its ground against most key currencies in the absence of any major news flow or economic data. Despite the lack of economic data, GBP moved to month-highs against EUR to 1.1927 and moved away from multi month-lows against USD, rising to 1.2988. It is likely that the recent […]

11/02/2020

Video: Strong US data lifts dollar

Last week: GBP UK could end transition period without trade deal. Boris Johnson willing to leave on WTO terms.  Better than expected construction data. Potential trade deal far from concluded. Investors’ nerves saw 2% fall.  USD Private sector payrolls report surpassed market expectations. Non-farm payrolls came in above expectations. Positive data should keep interest rates […]

11/02/2020

Pound continues downward trend…

GBP Yesterday, sterling briefly slipped to its lowest level in 2-1/2 months against a broadly firm US dollar, keeping last week’s downward trend intact. Last week, the pound notched up its biggest weekly fall against the dollar in seven weeks, as investors priced in the risk of Britain failing to agree a trade deal with […]

10/02/2020

Strong US data lifts dollar

USD The dollar ended the week strongly on Friday as non-farm payrolls came in above expectations, the latest in a raft of upbeat US data. The report showed that non-farm payrolls had increased by 225,000 jobs last month, way higher than the predicted 160,000 jobs. The construction sector was a particularly big instrument in this, […]

07/02/2020

Post-Brexit Trade Deal Fears Increase

GBP Sterling extended its losses on Thursday as concerns grow that a potential post-Brexit trade deal between the EU and UK is far from concluded. Investors are nervous that British Prime Minister Johnson is taking a hard line in the trade talks with the EU, which need to be concluded before the end of the […]

06/02/2020

Why Investors in Hong Kong are Choosing to Send Funds to Singapore

Anti-government protests have dragged on for more than six months in Hong Kong, with violent clashes between demonstrators and police showing no sign of letting up. This has fuelled uncertainty about the former British colony’s economic future, after what began as peaceful demonstrations over a now-withdrawn extradition bill developed into a wider call for democracy. […]

06/02/2020

The dollar gains against safe-haven currencies

USD The dollar gained against the safe-haven currencies on Wednesday, as risk appetite rose on reports of a possible treatment for the new coronavirus out of China that has gripped the world and caused major disruptions among global businesses. The U.S. currency also benefited from a private-sector payrolls report for January that surpassed market expectations, […]


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