Archive for: April, 2018

Weekly Market Update

Post date: 30/04/2018 08:00 GBP At the beginning of the week the Pound hit the best levels to buy Euros in almost a year as talks of an interest rate hike gathered pace. The Pound did drop slightly vs the single currency during the middle of the week, but still remained close to the highest…

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Weekly Market Update

Post date: 20/04/2018 16:00 GBP After hitting a fresh two year high on USD and a one year high on EUR, the pounds rally has come to an end. Unfortunately, it has suffering tremendously over the last two days of trading. The Sterling strength was based on a host of strong UK data such as:…

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Weekly Market Update

Post date: 13/04/2018 16:00 GBP There have been a number of data releases to watch out for this week:  – Monday night we had the (BRC) Like-For-Like Retail Sales data. This came out at 1.4 percent which is seen as positive for sterling. – Tuesday afternoon we had the NIESR (National Institute of Social and…

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Weekly Market Update

Post date: 09/04/2018 09:00 GBP After returning from the bank holiday on Tuesday, we expected a tough week for the GBP. The start of the UK financial year, 6 April, initiates the start of dividend payments to British shareholders in foreign companies. Alternatively, numerous other incoming capital from around the world also creates a demand for the…

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