Articles Archive for February 2016
Currencies, French News »
Sterling is currently trading at its lowest level against the euro since December 2014.
Two key factors are driving this volatility. Sterling weakness, born out the uncertainty over the outcome of the in/out EU referendum, and strength in the euro which has rallied since early December 2015, when the European Central Bank (ECB) announced plans to introduce further stimulus to tackle low inflation and boost the Eurozone economy.
The euro has become a ‘safe haven’ currency for investors who believe that the President of the ECB, Mario Draghi, will stay true to …
Currencies, French News »
The pound has suffered its biggest loss in 11 months this morning, following Friday’s announcement that Britain’s EU In/Out referendum will take place on June 23rd. As investors continue to lose their appetite for sterling, what should you be doing to protect your position?
The dust has begun to settle from last week’s discussions over in Brussels. After two days of intense debate we now know the precise timeline for a possible ‘Brexit’ from the EU.
Yesterday’s announcement from the mayor of London, Boris Johnson, that he will be backing the ‘Out’ …
Currencies, French News »
What has happened?
The euro is continuing to strengthen against the UK pound, meaning that if you have euros that you need to convert into pounds now could be a good time to do it.
Why has it happened?
There are major concerns around the UK’s weak economic data and an expected rate increase from the Bank of England – though the Bank has delayed lifting rates from March 2016 until at least November 2016.
We have also seen volatility on the equity markets, and that too has played a role in the present …