STERLING Sterling was one of the strongest G10 currencies last week after a strong rally on Friday on speculation of a soft-Brexit. According to people familiar with the matter, Spanish and Dutch finance ministers have agreed to work together to push for a Brexit deal that keeps Britain as close to the European Union as…

STERLING Sterling was volatile last week although bias was seen to the upside with Brexit negotiations the focus for investors. The pound gained as it looked increasingly likely that a deal would be agreed but it was a case of ‘buy the rumour, sell the fact’ when the breakthrough was announced on Friday. In a…

STERLING Sterling was one of the stronger G10 currencies last week as both sides of Brexit negations took on a more constructive tone than in recent weeks. An increased divorce bill offer from the UK government appears increasingly likely and will hopefully unlock the next phase of talks – EU Commission President Juncker sounded confident…

STERLING Sterling softened against most of the major currencies last week. The currency began the week on the back foot after a Times article suggested that 40 Conservative MP’s are calling for Prime Minister Theresa May to step down – this number is 8 short of the amount required to trigger a leadership challenge. Weaker-than-expected…

STERLING Sterling was one of the strongest G10 currencies last week. The UK currency began the week on the front foot after optimistic remarks from UK Prime Minister Theresa May regarding Brexit and comments from US Commerce Secretary Ross on the prospects of a free-trade deal between the two countries. Further political baggage attached to…

STERLING A soft week for the Pound with the UK currency on the back foot after the Bank of England’s latest policy announcement. Despite a hawkish 7-2 vote to lift interest rates for the first time in a decade, the BoE removed the sentence about “increasing rates faster than expected,” signalled only “gradual easing” in…

STERLING A mixed week for the pound last week, having its best day on Wednesday after third-quarter GDP was revised higher to 0.4% after initial readings of 0.3 percent. Other macro releases were less supportive however, with CBI retail sales falling at their fastest rate since the recession. Dovish remarks from Bank of England Deputy…

STERLING Sterling was mostly lower versus its G10 peers last week, suffering from several set-backs, including significantly weaker than expected retail sales (falling 0.8%) along with a mixed jobs and earnings update. CPI was in line with consensus, coming in at 3 percent year on year, hitting a 5 year high in the process. On…