Posts Tagged ‘Market news’

STERLING Sterling strengthened last week amid a flurry of Brexit talk although concrete progress was difficult to find. Reports towards the end of the week said UK officials do not see a Brexit deal until next year. EU officials meanwhile signalled that they are not willing to negotiate on issues such as trade until progress…

STERLING Sterling was mixed last week. UK inflation data prompted a rally on Tuesday although gains soon dissipated as risk sentiment soured through the second half of the US session. Further gains were seen on Thursday amid reports that the EU had softened their Brexit transition stance. Losses followed on Friday meanwhile after UK retail…

STERLING Sterling was one of the weakest of the G10 currencies last week. The currency got off to a slow start after UK service PMI wrapped a trifecta of weaker-than-expected PMI releases. There was also chatter in the weekend press that UK Prime Minister Theresa May will face a possible coup. Focus then turned to…

STERLING Sterling was a touch softer on balance last week. Losses were seen on Friday after a notably soft reading for UK construction PMI which fell to a 4-month low at 50.2. The currency also dropped after EU officials said the EU Commission have rejected the City of London’s proposal to strike a post-Brexit free…

STERLING Sterling saw a modest strengthening on balance last week. The currency got off to a strong start on Monday after French President Emmanuel Macron suggested the UK could get a special trade deal with the EU post-Brexit. Further upside was seen on Wednesday after UK labour market data came in better-than-expected with a sizeable…

STERLING Sterling was one of the strongest G10 currencies last week. The bulk of gains came on Wednesday despite an absence of any macro releases although we heard from Bank of England MPC member Saunders who said if the economy turns out broadly in line with his outlook, it is likely that interest rates will…

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…