GBPAfter a positive start yesterday, Sterling was unable to make further headway. Political factors remained significant with Boris Johnson’s insistence that the October 31st Brexit deadline would not be extended, undermining sentiment to some extent as underlying fears over a ‘no-deal’ outcome increased.VIEW FULL ARTICLE
Posted in Daily Market News on Jun 26 2019 by Ben, K
GBPThe Pound moved higher on Monday with news leaking that Boris Johnson could be losing some ground in the Conservative leadership race. The Pound and Dollar pair finally broke out of its Asian session consolidation phase and surged through 1.2760 hitting one-month tops.VIEW FULL ARTICLE
Posted in Daily Market News on Jun 25 2019 by Ben, K.
GBPWe are likely to see some movement in the Pound ahead of today's Bank of England (BoE) meeting and the all important minutes, released shortly after the meeting. Whilst any change in interest rates is extremely unlikely, currently 0.75%, the market will be looking to see if other central banks...VIEW FULL ARTICLE
Posted in Daily Market News on Jun 20 2019 by Alex
GBPFragile confidence in the global outlook continued to sap potential Sterling support as it slid to two-week lows below 1.2600 against the Dollar. Sterling was hampered by underlying political uncertainty as Boris Johnson remained the strong favourite to become Conservative Party leader and Prime Minister despite his ‘no-show’ at the...VIEW FULL ARTICLE
Posted in Daily Market News on Jun 17 2019 by Ben, K
GBPThe Pound was range-bound for most of the day despite the first Tory Leadership ballot. Current favourite Boris Johnson achieved 114 votes, Jeremy Hunt came second with 43 votes. Leadsom, Harper and McVey failed to progress and will bow out.VIEW FULL ARTICLE
Posted in Daily Market News on Jun 14 2019 by Rob
GBPSterling initially gained support from a cross-party attempt to pass legislation that would prevent a ‘no-deal’ Brexit and Tory leadership favourite Boris Johnson commented that he was not aiming for a ‘no-deal’ outcome which also helped.VIEW FULL ARTICLE
Posted in Daily Market News on Jun 13 2019 by Rob
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