Brexit

17/09/2020

US Dollar gains after Fed predicts quicker recovery

GBP Sterling saw its biggest daily rise in two weeks but still remains under pressure due to ongoing Brexit risk. Furthermore, the Bank of England is widely expected to hold fire, policymakers are likely to conclude that downside risks to the economy are rising due to growing Brexit uncertainty and renewed restrictions on social activity. […]

16/09/2020

Pound rebounds after positive jobs data

GBP The pound rebounded slightly yesterday after better than expected jobs data and the possibility that opposition within the government could threaten the controversial proposed internal market bill. There has been an increase in optimism that opposition to the bill is growing and that this can challenge legislation that has increased the likelihood of a […]

15/09/2020

Market Bill clears first hurdle

GBP Sterling remained close to multi-month lows against both the euro and dollar on Tuesday as the UK government won its first parliamentary vote on its controversial internal market bill which threatens to violate aspects of the UK-EU Withdrawal Agreement. Boris Johnson, who commands a majority in Parliament and describes the bill as a necessary […]

14/09/2020

Sterling falls to five month lows

GBP Sterling fell to five month lows on Friday as fears of the UK leaving without a trade deal weighed on the pound. The pound had its worst week against both the euro and dollar since March when the initial outbreak of Covid occurred. Positive data release showing the economy grew by 6.6% in July […]

11/09/2020

Fear of a no trade deal weighs on the pound

GBP Sterling extended its losses falling to multi-month lows against both the euro and dollar yesterday amid fears that the UK and EU will fail to agree a Brexit trade deal. The sharp move lower follows an emergency meeting yesterday between UK and EU officials who discussed the implications of Britain trying to force through […]

11/11/2019

Sterling falls to 2-week low

Sterling moved to it’s lowest level in two weeks against the USD on Friday as political uncertainty remained high ahead of next month’s general election. Speaking at the launch of the Scottish National Party election campaign, leader of the Scottish National Party, Nicola Sturgeon put sterling on the back foot as she suggested that she would form an alliance with Labour to block a conservative government on the 12th December.

07/11/2019

Markets await MPC meeting

Sterling remained stable on Wednesday as investors continue to wait to see what the Bank Of England might have to say regarding the impact of Brexit on the British Economy. Uncertainty around Britain’s departure from the EU has left a strong mark on business confidence. Weak economic data makes it increasingly likely that Bank of England’s next move will be to cut interest rates rather than increase them. Money markets do not expect the central bank to cut rates in the near term until more clarity emerges on the political front.

20/10/2019

Why Forward Contracts are an Effective Way to Manage Brexit Currency Risk

Brexit currency risk is a prime concern for many businesses that make international payments, whether it’s to a supplier, funding overseas office overheads or purchasing stock. Forward contracts are an effective solution to FX risk management post-Brexit because they offer protection for businesses against inevitable currency fluctuations, which are forecasted to be highly volatile for […]


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Monthly Currency Market View April 2020

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