Articles Archive for October 2016
Currencies, French News »
Friday’s data over the pond showed that the US economy grew at its fastest pace for 2 years in the 3rd quarter of this year, giving the Federal Reserve a huge backing with regards to their likely interest rate change in December. The growth was predicted to be around 2.5% but they outdone themselves with […]
French News »
The Office for National Statistics stated that the UK grew by a healthy 0.5%, defying all Brexit fears.
Brexit, Currencies, French News »
For a nice difference, we actually saw some strength in Sterling following the positive comment from a UK government lawyer that any Brexit deal would likely need to be ratified by the UK Parliament
article 50, Brexit, French News »
Yesterday the pound pushed higher in early trading following confirmation that UK inflation rose 0.2% in September against an expectation of 0.1% and pushing the year on year number to 1.0%. Later in the day further Brexit uncertainties actually played in the pounds favour. News from a hearing in the High Court indicated that the […]
Brexit, Currencies, French News »
The city is in shock this morning, as Sterling crashed by more than 6% in Asian trading, taking it to a new 31 year low, and the biggest move since Brexit. With speculation circling trading floors around the world as to what exactly caused the movement, algorithms, fat fingers, and mounting fears over a ‘hard’ […]
article 50, Brexit, Currencies, French News, sterling »
The pound fell sharply yesterday in early morning trading, as markets reacted to the latest instalment of Brexit. Over the weekend, Prime Minister Theresa May used her speech at the Conservative party conference in Birmingham to pledge that the UK will formally trigger Article 50 of the Lisbon Treaty before the end of March 2017, […]