Daily Market News

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Euro banking on Macron Presidency

24Apr

GBP
Sterling slipped against the Dollar on Friday after weaker-than-expected UK retail sales, but it stayed on track for its strongest week since November after Prime Minister Theresa May's decision to call an early general election.

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Posted in Daily Market News on April 24, 2017 by

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France votes this weekend

21Apr

GBP
Sterling started the day off well, holding gains versus the broadly weaker Dollar yesterday, with bullish polls for Prime Minister Theresa May's Conservatives raising expectations that the June election will give her a stronger mandate for Brexit talks.

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Posted in Daily Market News on April 21, 2017 by Rob Affleck and the Sales Team

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GAME ON!!

20Apr

GBP 
Prime Minister Theresa May won Parliament's backing for an early general election yesterday, a vote she said would strengthen her hand in divorce talks with the European Union and help heal divisions in Britain.

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Posted in Daily Market News on April 20, 2017 by

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SURPRISE!

19Apr

GBP 
Sterling initially lost half a cent against both the US Dollar and the Euro on the announcement that Prime Minister Theresa May will be making an unscheduled announcement and speculation rose on what this could be. Once Theresa May announced the news that she would be calling for an early election, the Pound rose to a than six-month high against the Dollar. This surprise announcement boosted hopes that a victory could strengthen the conservative party's majority in government ahead of Brexit negotiations.

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Posted in Daily Market News on April 19, 2017 by

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Strongest Pound for Six Weeks

18Apr

GBP
Sterling hit a six-week high against the Euro late last week as jitters ahead of the first round of the French presidential election. A week of upbeat data in the UK gave the British currency some respite from Brexit worries.

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Posted in Daily Market News on April 18, 2017 by William Kemp and the Sales Team

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Brits feeling poorer as inflation bites

13Apr

GBP
On a very quiet trading day in Europe, the UK unemployment rate printed at 4.7%. This was despite the number of people unemployed falling by 45,000 to 1.56 million in the three months to February. Average earnings including bonuses printed at 2.3%, the same as Tuesday’s inflation reading. The average earnings without bonuses was only 2.2%, meaning wage growth is negated by inflation.

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Posted in Daily Market News on April 13, 2017 by Rob Affleck and the Sales Team

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Inflation holds for now

12Apr

GBP
UK consumer prices rose 0.4% in March, slightly above forecasts, while the annual inflation rate remained at 2.3% which was in line with market expectations. Prices were tempered, in part, by a seasonal drop in air fares and fuel prices. This was due to the timing of the Easter break and data for April is likely to reflect an increase in pricing.

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Posted in Daily Market News on April 12, 2017 by Rob Affleck and the Sales Team

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Euro likely to remain under pressure

11Apr

GBP
Sterling climbed versus both the Dollar and the Euro yesterday morning, clawing back from a three-week low ahead of a packed week of economic data releases that is expected to show a tightening on the country's consumers. The rises pushed the Pound back to $1.24 and 1.1720 against the Euro, this came despite signs that UK households are becoming more cautious about their spending. Figures from credit card firm Visa showed both a dip in monthly spending in March and the weakest quarterly rate since 2013.

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Posted in Daily Market News on April 11, 2017 by Alex Coates and the Sales Team

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The Pound struggles on

10Apr

GBP
Sterling weakened last week as data showed an unexpected slide in British industrial output, clouding the outlook for the UK's economy as it prepares to leave the European Union. In the first full trading week since Britain triggered Article 50 - its notification to leave the EU - the Pound lost ground against the Dollar and the Euro in moves analysts said were part of a re-appraisal for monetary policy.

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Posted in Daily Market News on April 10, 2017 by William Kemp and the Sales Team

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Airstrikes cause nervous markets

7Apr

GBP
Britain's Pound fell against the Dollar on Thursday in a session that saw it flip direction several times. This happened as investors saw uncertainty surrounding the country's departure from the European Union outweighing signs of economic resilience. Confidence on both sides of the channel is pretty firm, so the initial talks are looking like they may be slow and they do not start until mid-May.

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Posted in Daily Market News on April 7, 2017 by William Kemp and the Sales Team

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