GBPThe Pound rose last Friday afternoon on speculation that the Ulster Unionists were moving closer to supporting the Withdrawal Deal. The government reiterated that the Article 50 extension would be lengthy if the deal was not passed, increasing pressure on Conservative MPs to vote for the deal.VIEW FULL ARTICLE
Posted in Daily Market News on Mar 18 2019 by Rob
When you are going abroad, one aspect that should not be overlooked is the ability to communicate in another language. Therefore, we have decided to create this handy guide to make your travel abroad a little easier.English is one of the most widely-spoken languages in the world, however, you may...VIEW FULL ARTICLE
Posted in Expat Resources on Mar 15 2019 by Jaspreet, K
GBPThe Bank of England’s Jonathan Haskel stated that he’d need evidence of higher inflation to convince him to vote to raise interest rates and expressed concerns over the risks to labour-market strength. Despite the dovish rhetoric, the Sterling impact was limited as the market was distracted by political developments.VIEW FULL ARTICLE
Posted in Daily Market News on Mar 15 2019 by Rob
GBPPhilip Hammond delivered the government’s Spring budget in the run-up to the No-Deal vote. UK GDP growth forecast for 2019 dropped to 1.2% from 1.6%, but lower borrowing forecasts and stronger wages growth negated any negative Sterling impact.VIEW FULL ARTICLE
Posted in Daily Market News on Mar 14 2019 by Rob
GBPUK Manufacturing output registered a 0.8% increase in January, bouncing back from a 0.7% decline in December. GDP recovered 0.5% in January for a year-on-year increase of 1.4%, up from 1.0% in December. But who listens to the data when we have Brexit?VIEW FULL ARTICLE
Posted in Daily Market News on Mar 13 2019 by Rob
GBPSterling remained extremely volatile yesterday morning as the Brexit rumour-mill churned and speculation that Theresa May could delay or downgrade today’s meaningful vote in the House of Commons and risk being deposed. The Pound regained ground in the afternoon amid speculation that “modified text” had been agreed between the EU...VIEW FULL ARTICLE
Posted in Daily Market News on Mar 12 2019 by Rob
GBPBrexit negotiations are dwindling as we approach the critical date of March 12th whilst, due to this, uncertainty continues to undermine the Pound. GBPUSD sank nearly 1% to record its largest single-day decline on Friday last week.VIEW FULL ARTICLE
Posted in Daily Market News on Mar 11 2019 by Ben, K.
GBPYesterday could not please the Sterling market as various news outlets conveyed the EU-UK differences on the Irish backstop, which could be the reason for delivering a no-deal Brexit. There are now fewer chances of having an agreement before next week’s British parliament vote on the UK PM Theresa May’s...VIEW FULL ARTICLE
Posted in Daily Market News on Mar 8 2019 by Ben, K.
GBPSterling spent most of Wednesday's trading session in the negative territory and was being weighed down by reemerging Brexit uncertainties. Construction PMI dropped to the contraction territory in February, coming in at 49.5 from 50.6, all adding to the ongoing deterioration in the domestic fundamentals.VIEW FULL ARTICLE
Posted in Daily Market News on Mar 7 2019 by Ben, K.
GBPThe Pound is trading in the lower part of the 1.3100 level against the Dollar. The primary driver of the most recent slide stems from talks in Brussels. UK Attorney General Geoffrey Cox and Brexit Secretary Steven Barclay met Chief EU Negotiator Michel Barnier.VIEW FULL ARTICLE
Posted in Daily Market News on Mar 6 2019 by Ben, K.