Currencies Direct

Most of the focus on Friday was on the lead up to Donald Trump’s inauguration, and soon after, the Greenback lost a bit of strength as risk appetite soured across the board. With the Federal Reserve announcing that the US is close to full employment, they may be looking ahead to unwind the Fed balance […]

Pound experiences another solid day It was another solid day for the pound yesterday off the back of Theresa May’s speech earlier in the week and the European Central Bank’s decision to keep their monetary policy unchanged. The pound hit a two-week high against the euro, in what could be a sign of what’s to […]

It was another steady day for Sterling, as markets continued to interpret Theresa May’s speech from Tuesday. The Prime Minister gave the currency a much needed boost, stating that unless the UK and EU were able to negotiate a civil divorce package, then Britain would go it alone and leave the single market. Sterling has […]

Yesterday, Theresa May delivered a speech to outline details of the government’s plan for Brexit. The shape of the plan is built around 12 principles for a clean Brexit and included a call for the UK to leave the single market, avoid the EU’s immigration rules and being subject to the European court of justice. […]

Today, Theresa May will attempt to calm fears of Sterling’s volatility, stating she wants a global UK. Lancaster House is the venue for investors to keep a keen eye on proceedings. Theresa May will be looking to state a ‘clean’ Brexit and seek trading agreements not only with the EU, but other surrounding national counter-parties. […]

Reflecting off of the two main market movers currently, Brexit and the US presidential election, we saw a much more risk adverse week last week in line with some steady Sterling negativity. The recent headlines and comments from the UK has increased concerns over the UK’s Brexit strategy while we head into negotiations with the […]

This morning, markets focused on from China where December trade numbers were released a few hours ago. Trade data disappointed as Chinese exports fell 7.7% in 2016 and imports fell 5.5%; a fall which was somehow cushioned by a weaker yuan. The news will raise fears that global demand is slowing in Europe and elsewhere. […]

Meanwhile, across the pond in the US, markets were keenly focussed on President elect Donald Trump’s press conference. His speech was mostly centred around healthcare and intelligence issues, and the only mention of note for financial markets was a hint at a proposed border tax on companies leaving the UK. The Greenback continues to gain […]

Having started the week on the back foot, the pound has recovered marginally against its counterparts. Last weekend, Theresa May suggested that the UK might leave the single market if there was no compromise on the free movement of people. The comments have been interpreted by foreign exchange markets as pointing towards a ‘hard Brexit’, […]

According to the World Bank, a tentative pickup in the global economy this year is at risk from the political uncertainty unleashed by Brexit and the arrival of Donald Trump in the White House. They stated that 2016 has been the weakest year for the global economy since the deep recession of 2008-2009. With global […]