Category Archive for: Business

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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Weekly Market Update

Post date: 29/03/2018 17:00 GBP Due to this weeks relative inactivity both politically and economically in the UK and the Eurozone, the pound has traded mainly sideways. The pound has however, dropped nearly 2% against the USD as the US continued to post positive economic data. The transition deal for Brexit has been finalised and…

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Weekly Market Update

Post date: 23/03/2018 18:00 GBP This week has been the best week of the year for The Sterling, seeing an increase in the Pound against all major currencies and a new long term high. There are many factors behind this. Each day has yielded good news on either the U.K economic or political front. This…

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Weekly Market Update

Post date: 16/03/2018 18:00 GBP We saw a renewed spark in the market this week as Philip Hammond released the spring budget. The independent Office for Budget Responsibility has lifted its predictions slightly for UK economic growth for 2018. Due to this the pound rose near to 1.4 against the dollar and near to 1.13…

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Weekly Market Update

Post date: 09/03/2018 18:00 GBP The Sterling ended the week on a high once again. It is the highest it’s been all week against the EUR and bounced up against the USD to roughly a week high before the weekend. At the start of the week, the pound jumped up slightly on the back of…

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Weekly Market Update

Post date: 02/03/2018 16:58 GBP The Sterling ended the week at a 6 week low against the USD and a 3 month low against the EUR. Not much information data wise for the UK but Brexit speculation is causing problems for the pound with a potential government collapse. Talks of a general election could open…

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Weekly Market Update

Post date: 23/02/2018 16:00 GBP Brexit talks have made progress this week with the pound received a boost on Tuesday as it was made aware that the European Parliament is debating a special arrangement for the UK to gain access to the Single Market. The UK would benefit hugely from remaining in the Single Market,…

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Weekly Market Update

Post date: 19/02/2018 08:00 GBP Last Tuesday’s inflation data further ramped up speculation that the Bank of England could be ready to raise interest rates again in the coming months. Despite a slowdown in food prices, headline inflation stood firm at 3.0% in January after the market had anticipated a decline to 2.9%. Of concern…

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Weekly Market Update

Post date: 09/02/2018 16:30 Once again, another volatile week for Sterling. Starting the week 1.5% lower against the USD and 2% lower against the EUR in comparison to the highs of last week. The EUR/USD trading round about the same levels without any drastic movements. GBP The UK had a quiet start to the week…

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