Will fears of an expensive ‘Brexit bill’ continue to weigh to the Pounds value?...
Despite trading in positive territory this morning the Pound has generally been coming under increasing pressure in recent weeks and months.
Talk of Brexit negotiations beginning badly due to infighting within the current cabinet is affecting the Pounds value, and with the Brexit bill talk surfacing and Theresa May mentioning it earlier this week, I personally think that there is a chance the Pound could continue to fall.
One of the headlines this week has been the Pound's fresh post-Brexit lows against the Euro, which has...
Bank of England keep rates unchanged and halt QE for now!!
Sterling has been boosted during afternoon trade as the bank of England decided to keep the base rate of interest on hold at 0.5% and did not initiate any further monetary stimulus.
With all the jubilee celebrations over the long bank holiday weekend the UK market was closed for business. Yesterday when the UK was up and running again you would have seen that the currency markets continued to move and over the course of this week sterling exchange rates weakened by roughly 2% against a range of...
Make sure you get the most on your foreign exchange – Take a few...
Over the past 6 years we have helped countless readers get a better rate of exchange than they are being offered elsewhere for their business transactions, property purchases/sales, car purchases, overseas weddings, wages or just simply their living expenses.
During the current economic climate it is important to make sure that you are getting the most out of your money and with currency exchange it really is no different.
We have seen an increase in clients contacting us that have been using the same broker for many years...
Agreement on Brexit bill could cause Sterling Rally (Daniel Johnson)
Brexit Bill has the potential to strengthen the Pound
It seems Theresa May is finally getting to the point where the UK is about to agree on a price to leave the EU. I believe Brussels have deliberately played hard ball in order to scare off any other region from departing the EU, shooting themselves in the foot. To me , it beggars belief it has taken over a year for a bill to be agreed. Trade relations are yet to start.
Theresa May has put...
Sterling drops in the wake of Brexit date announcement, will a downward trend now...
After a bright start this morning the Pound has ended up down on the day against all major currency pairs, as it was announced this afternoon that the impending UK separation from the EU will officially begin on the 29th of March.
Despite dropping off the Pound is currently off of its day lows which to me indicates that the trend from this point onward is unlikely to be sharply downward, as most within the currency markets have been expecting to see the Brexit begin...
What will be the Impact of a US Interest Rate Hike Rate Hike? (Daniel...
It is almost nailed on there will be a rate hike in the US on 16th December. The market moves on rumour as well as fact so the hike has been factored into the rates already. What will cause volatility however is by how much the Federal Reserve increase the rate. There are rumours circulating it could be upped by 0.5%, however the general consensus is it will only rise by 0.25%. If it is 0.5% expect significant movement across the board on all...
What is the impact of Article 50 on Sterling exchange rates (Tom Holian)
We are now less than 2 weeks away from the proposed deadline of triggering Article 50 by the UK government and although we have seen some small gains for the Pound against both the Euro and US Dollar at the end of this week I think this is a short lived increase.
If you cast your mind back to late June 2016 when the Brexit vote was officially announced the Pound went into free fall as panic set in that the UK would lose its...
The UK eagerly awaits the GDP figures for Q3. What will happen to sterling...
Sterling exchange rates strengthened against all of the major currencies bar the USD yesterday on a day that saw wide swings in global foreign exchange markets. Stock markets around the globe weakened once again on fears over Europe and the Japanese government intervened to weaken their currency to help boost exports which caused major volatility for the 16 most traded currencies.
The trading session started fairly static for the pound in early trading but as the day’s trading session progressed the pound reached the dizzy...
Best Exchange Rates for Sterling vs Euro since credit crunch (Tom Holian)
Sterling Euro exchange rates hit their highest level since mid 2007 this week when the credit crunch went into full swing.
With the Eurozone now having fully implemented their first round of Quantitative Easing to the tune of EUR1.1tn until September 2016 this has had a huge weakening effect on the Euro vs Sterling.
Earlier this week the UK announced its lowest trade deficit for almost 2 years which added to the strength of Sterling.
With the US Dollar at record highs against the Euro this has...
Pound Sterling Forecast – The week ahead (Daniel Wright)
The Pound has had a fairly good start to the week against the majority of major currencies, slipping a little against the Dollar and Yen but gaining well against the Antipodean currencies, most notably against the Rand gaining almost 2%.
The rest of the week is also fairly busy, overnight we have the RBA (Reserve Bank of Australia) meeting minutes which may give the nod to any future interest rate cuts over there. The AUD has weakened today following weaker than expected growth figures from...
