The Pound rose against the dollar on Wednesday morning after UK inflation fell below the double digits to 9.9% in August, following a 40-year record of 10.1% in July. The Sterling rose to $1.1546 earlier in the morning and was trading at $1.1543 in late morning trading. UK inflation fell primarily on lower petrol prices, […]

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The dollar gained against the Sterling at 13:30 BST following the latest US inflation report, which revealed inflation lowered to 8.3% in August, yet failed to meet analyst expectations of 8.1%. The unexpectedly hot report sent the Pound spiralling from $1.17330 to $1.15593 at 14:00. The Sterling was trading at $1.15804 at 14:50 as markets […]

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The Pound fell to its lowest level against the Euro since early 2021, after hawkish rhetoric from the European Central Bank strengthened the Euro while the UK’s weaker than expected GDP report failed to boost the flailing Sterling. UK GDP grew 0.2% in July after a 0.6% fall in June, representing a return to growth. […]

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The Sterling rose to 1.1682 against the dollar in Monday trading after analysts noted maintained hawkish sentiment from the US Federal Reserve ahead of US inflation data, which is scheduled for release on Tuesday. Disappointing UK GDP growth of 0.2% in July did little to dent the Pound’s rise versus the dollar, with Prime Minister […]

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The Pound remained below the $1.15 mark on Thursday morning, hovering at $1.1494 ahead of new Prime Minister Liz Truss’ energy relief plan. Truss is scheduled to reveal a £130 billion proposition to freeze or reduce the energy price cap ahead of its 80% rise to £3,548 in October this year. The Pound hit a […]

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The Pound fell to its lowest level against the dollar since 1985 today on the back of the US currency’s rising strength and the UK’s gloomy economic outlook. The Sterling plummeted to $1.1407 and is currently at 1.1448. The dollar has been growing in strength over recent days, hitting a 24-year high against the Japanese […]

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The Pound fell to 1.14922 against the dollar in late morning trading on Wednesday as the dollar strengthened. The Sterling hit a low of 1.14545 earlier in the morning, marking a fall from its high of 1.1609 on Tuesday after reports emerged regarding new Prime Minister Liz Truss’ £130 billion relief plan to freeze or […]

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The Pound Sterling picked up in early morning trading on Tuesday following Bloomberg’s report that new Prime Minister Liz Truss had shored up plans for a £130 billion energy relief package for struggling UK households. The Pound rose from 1.15646 just after 06:00 to 1.15894 after Bloomberg broke the scoop, with the Sterling trading at […]

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The Pound sterling rose higher on Monday morning, despite the upcoming confidence vote against Prime Minister Boris Johnson which is scheduled between 6pm and 8pm tonight. The Pound exchange rate compared to the Euro was trading a third of a percentage point higher at 1.1679 and the Pound against the Dollar was trading 0.4% higher […]

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The FTSE 100, which features companies that benefit from a weaker pound, is up by 0.47% Sterling fell on Thursday, down from its strongest position against the euro in over two months, as the Bank of England predicted inflation would exceed 3%. The central bank’s forecast of inflation is above its target for a “temporary […]

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Investors rush to sell gold as Fed adopts a more hawkish tone Gold prices have dropped £37.09, or 2.8%, on Thursday on the release of the Federal Reserve’s interest rate statement. At the time of writing the price of gold now stands at £1,280.58. Following Jerome Powell’s statements about inflation, the US central bank’s dot […]

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Sterling broke on a bad note on Thursday morning after the highly-anticipated talks between UK Prime Minister Boris Johnson and European Commission chief Ursula von der Leyen failed to culminate in a Brexit trade deal. Although an agreement to continue negotiating has reportedly been reached, hopes of a deal are becoming slimmer by the moment, […]

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It feels as though we’re copy and pasting an old story. The pound sterling drops as two sides willing to negotiate and unwilling to compromise, hit another stalemate over the allocation of post Brexit fishing rights. Michel Barnier made his way to London on Friday, following news that the UK negotiating team had turned down […]

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While not moving quite as enthusiastically as they did after previous vaccine updates, Pfizer‘s latest news saw global equities nudge higher on Wednesday. Noticeably muted, though, was the FTSE. Having led the pack in recent vaccine news rallies, the index was weighed the pound rising on renewed Brexit hopes. While the Dow Jones rallied by […]

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Having been extremely sensitive to Brexit developments, the Pound Sterling remained fairly calm, even as Boris Johnson officially walked away from trade talks. The British PM walks away in a show of force that acts more as an invitation for future concessions, than a door closing on negotiations. Even with the 15th of October acting […]

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Recovering slightly from their morning losses, global equities regained some ground in the afternoon, even as the the Federal Reserve – Fed – and Bank of England – BoE – statements remained fresh in everyone’s minds. After an initially sharp fall, the Dow Jones recovered and then dipped again, down 0.41% or 115 points, to […]

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Continuing much as it began the week, the Pound Sterling continued to drop against its major counterparts, taking both the pound-to-euro and pound-to-dollar exchange rates to respective six-week lows. The exchange rate for the former now stands at a mere 1.1001, while the latter sits at 1.2941. This follows the Pound having consistently rallied against […]

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UK prime minister Boris Johnson hinted that he might renege on January’s Withdrawal Agreement, and in doing so, renewed predictions that a No-Deal Brexit would be the most likely outcome of negotiations with the EU. Also on Monday, a Europe-wide equities rally was led by a booming FTSE. The index had been somewhat spurred on […]

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Sterling rallied following the resignation of Chancellor Sajid Javid, while FTSE early morning wobbles were compounded by a seismic cabinet reshuffle. The assumption now, it would appear, is that incoming Chancellor Rishi Sunak will be bullied into big spending in next month’s budget, by Boris Johnson and crony Dominic Cummings. Among a growing list of […]

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After being given a boost by Tuesday’s PMI results, Sterling was knocked down a peg on Wednesday by the news that the EU was moving to amend its MiFID regulations in order to remove concessions from the UK. The MiFID II was designed as a standardising regulatory package to improve protections for investors and restore […]

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The Bank of England top brass voted without unanimity to hold interest rates, in what will likely be Mark Carney’s last roll of the dice before handing over the reigns to his successor, Andrew Bailey. Despite what appeared to be mounting pressure to cut rates to support the UK economy through Brexit, today’s news reflects […]

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I can already picture the excited hand gestures from POTUS Donald Trump as he lauds the Dow Jones success story on Thursday. The index hit 29,200 points, beating the record set the day before and exceeding the 29,100 projection set by analysts before trading began. This followed yesterday’s completion of phase one of the US-China […]

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The time is 12:30 on Thursday the 12th of December. I tell my colleague to bet on cable, shorting the pound until 20:00 – election day is always jittery. The time comes to 21:50, moments before the exit poll. I tell him to back Sterling with everything he’s got, he doesn’t, and minutes later I […]

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With the general election little more than two weeks away, the general public and market indices alike wait with baited breath. What is on offer are two starkly different visions for the future of the UK, with both equally likely to intensify existing divisions. Today, however, the pound showed the market’s preference, as it dipped […]

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The hubris of Donald Trump knows no bounds. Today the POTUS seemed intent on antagonising Chinese leader Xi Jinping, with his next instalment of unnecessary waffle surrounding the hows and whens of a potential first phase of trade war resolution. Similarly, in the UK, the equally uninspiring candidates on both sides have offered little recourse […]

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Following the Dow Jones hitting its all-time high on Monday, indices saw trade War optimism run out of steam on Tuesday. European markets began in a fairly unenthusiastic manner, with tensions not yet resolved and today’s UK services PMI. Commenting on the market’s opening movements and trade war tensions, Spreadex Financial Analyst Connor Campbell stated, […]

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Doing little more than soothing uneasiness, last night’s Fed rate cuts was less of a tidal wave and more of a tide-over. J. Powell has already opposed what he views as overly exuberant accommodation, but the latest cut did enough to satisfy indices on Thursday. Phase one of tariff tension resolution will soon be underway, […]

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It was a somewhat flat day for British performance indices. That isn’t to say that nothing happened, rather that performance indicators failed to deliver any kind of groundbreaking revelations one way or the other. BP posted a dismal set of results for the last quarter, which saw the day’s trading get off to a lulling […]

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Following a busy day in British politics on Monday, cable started somewhat gingerly on Tuesday. Any Brexit suspension high was ended as the Pound was left a bit dazed by some uninspiring market performance indicators, and renewed General Election chatter. While by no means a disastrous start to the day, there is no doubt the […]

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The Pound Sterling gave up its resolute opening as the political regular suspects locked horns once again. After a strong start, Sterling got another dose of Sajid Javid’s lamented Brexit uncertainty, as prime minister Boris Johnson threatened to pull the Withdrawal Agreement Bill, and force Parliament into election mode in the run-up to the festive […]

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If you can’t wait to hear the end of Brexit, then we’re in the same boat. Today’s deal proposal was as close as I think we’ve gotten to a largely amicable solution, and one where most parties have been able to agree to a compromise. That being said, it is widely expected that Parliament will […]

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Chief EU negotiator Michel Barnier has said that a Brexit deal could still be reached between the EU and the UK. He said that the proposals currently on offer were not good enough, but that he was ready for Boris Johnson’s good intentions to turn into a legal document before the EU summit, which begins […]

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The UK economy (GDP) dipped by 0.1% during August, following a downturn in manufacturing and production activity, and a 0.3% hike in July, which was led by the service sector and irregularly high output from the TV and film sector (which was factored into manufacturing). Despite this month’s drop, the UK economy looks set to […]

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Moving gingerly rather than negatively, the pound Sterling and FTSE were both full of anticipation after the first bell. They both held off on their regular market-opening movements and awaited the outcome of both the August monthly GDP readings and the talks between Boris Johnson and Leo Varadkar. July revealed a surprisingly positive story for […]

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Continuing his America first campaign, Donald Trump would’ve no doubt produced one of his memorable facial expressions as the WTO gave the go-ahead for the US to impose a series of tariffs on European goods. Closing in the red on Wednesday, indices would have looked to recover some ground on Thursday morning. Speaking on their […]

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As the week drew to a close, the populist double-threat both welcomed a weekend of respite following their blunders. On one side of the Atlantic, Donald Trump insisted his innocence, before being incriminated, and responded with yet another hollow promise of trade war progress. A promise which the European indices gladly lapped up and the […]

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On the back of general election jitters, the Pound Sterling maintained its plateau. This, along with yet more empty words on the trade war situation from Donald Trump, saw the FTSE claim the top spot in Thursday’s winners’ circle. Despite being quoted by the NYT as having lied over 10,000 times during his tenure, markets […]

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Following the rousing baritone notes of MP Geoffrey Cox, the Pound Sterling halted its post-Supreme Court verdict rally, with the Conservatives making an increasingly concerted effort to pressure the Labour Party into agreeing to a general election. After the release of his phone call transcript, Donald Trump’s infamous tangerine smirk could hardly be contained as […]

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The difficult start to the weak was continued, especially in already-fragile Eurozone indices, by Tuesday’s political turmoil. The well-documented and precedent-setting rejection on the UK Parliament shutdown began the furore, but not to be outdone, the US followed later in the day with its long-awaited impeachment inquiry. Markets will no doubt suffer more before they […]

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The Pound Sterling rallied to four month highs against the Euro, following the Supreme Court’s verdict, which deemed Boris Johnson’s prorogation of Parliament not only illegal but null and void. Speaking on the day’s movements following the verdict, Spreadex Financial Analyst Connor Campbell commented, “Celebrating Boris Johnson’s latest defeat – his short premiership has so […]

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From the bell, there was an aura of grey skies in the air. Not only were there rain clouds over the UK but also over market sentiment following the early announcement of Eurozone flash PMIs in the morning, which cemented red fundamentals across the board throughout Monday. Speaking on the market’s dull trudge to the […]

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After weeks of the Pound Sterling and FTSE taking turns grabbing gloomy headlines, this week has been a refreshing change of tune. Lead by encouraging economic performance, ECB stimulus and Benn’s bill, Sterling enjoyed a largely positive week and the FTSE floated higher above its 7200 benchmark. Both British performance indices ended the week with […]

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In a somewhat surprising move, the Hong Kong exchanges and Clearing (HKEX) have proposed a £31.6 billion merger deal, which would see the HKEX take over the London Stock Exchange (LON: LSE). The LSE said it “will consider this proposal and will make a further announcement in due course”. It described the proposal as, “unsolicited, […]

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Much to the delight of UK business leaders, the UK economy rebounded from its 0.2% contraction in Q2 2019, and in turn avoided the ‘technical recession’ label given to an economy with consecutive quarters of contraction (Germany, for instance). After a meek start to the day, this surprisingly positive news, and the expected assent of […]

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UK prime minister Boris Johnson has told Leo Varadkar that a No-Deal scenario ‘would be a failure for which we would all be responsible’. This comes with the prime minister writing a letter to the EU requesting a potential extension to the leave deadline, but adding a ‘not really’ caveat, and looking likely to ignore […]

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So, another MP with integrity has taken the plunge. MP and minister Jo Johnson today quit the Conservative party and thereby relinquished his place in the government. While many have touted today’s news as another loss for the Conservative party, I regard it as a loss for the UK. A dedicated public servant decided he […]

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With the week proving as challenging as string-puller Dominic Cummings could have feared, the puppeteer can only look on as his advisee, Boris Johnson, faces the slightly less toothless offerings of the opposition benches. No doubt far from defeated, this week’s motions in the House against a No-Deal Brexit have if nothing else soothed market […]

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This week the House of Commons looks set to give us a crescendo before it takes its involuntary recess. The vote on further delaying Brexit will effectively push the UK into one of two scenarios; a nigh-on guarantee of a No-Deal trajectory (excluding the possibility the EU blinks and offers concessions), or Boris Johnson removing […]

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As trading closed for the week, sterling finished more confidently than the euro, as hopes remained for the prevention of a No-Deal Brexit outcome. The FTSE’s gains remained fairly subdued and the Dow Jones rose healthily. Spreadex Financial Analyst Connor Campbell had the following to say about the week’s market close, “Sterling appeared eager to […]

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Source: Richards, C. (2019), Office for National Statistics With discussion of a looming recession gaining traction with weakness in growth indicators, fundamentals and bond market inverted yield curves, today’s announcement from the Office of National Statistics has if anything compounded already tentative market sentiment. UK GDP (‘economy’) contracted by 0.2% against analysts’ predictions, making it […]

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With suggestions of a potential resistance being mounted against Boris Johnson’s likely no-deal Brexit trajectory, Sterling gained slightly yesterday morning. Unfortunately, this gain perhaps dampened FTSE prospects of joining in yesterday’s rally (until later in the afternoon), at least to the same extent as other European indices. Speaking on market opening movements and his predictions […]

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After falling 2.78% against the Euro and 2.63% against the Dollar in the past week, the Pound appears likely to continue its slide with persisting political uncertainty between the UK and EU, as well as domestically in the UK. Despite rising slightly today, any rally is likely fleeting; with Sterling dropping to a two-year low […]

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So, Boris Johnson is our new prime minister. Capturing 66% of party member votes, with an 87% turnout, for the man who we’re 99% sure is related to Donald trump. While you might expect from that beginning that this is going to be something of a tirade against the man entering office; I see some […]

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In what was a largely tight-lipped appearance before the Treasury Committee, Governor of the Bank of England Mark Carney cited today’s Sterling rebound as being due to a no-deal Brexit scenario looking less likely. Following a sharp dip yesterday, in the build up to the historic meaningful vote in Commons, Carney told members of the […]

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