by Christopher Nye | Oct 16, 2019
The pound reached a five month high yesterday, on the back of comments from the EU’s chief negotiator, Michel Barnier, which suggested that a Brexit deal could be achieved this week. However, as we enter the last day of negotiations, sterling has fallen over worries...
read more
by Christopher Nye | Oct 16, 2019
We’ve had one of our busiest weeks of the year as those of our clients with a major transaction in the offing have been either paying the full amount now – using a spot contract – or locking in today’s exchange rate for a transaction in the...
read more
by Christopher Nye | Oct 14, 2019
The dollar was strong against the pound and the euro yesterday as initial optimism following US-China trade talks faded slightly. This was due to the lack of detail which materialised from the talks last week. This morning, the dollar is weaker against the pound and...
read more
by Christopher Nye | Oct 14, 2019
The euro was stronger against the pound and weaker against the dollar yesterday afternoon. The single currency was relatively unmoved by Industrial Production data, which showed a month-on-month increase in August. It rose by 0.4%, beating expectations of a 0.3% rise....
read more
by Christopher Nye | Oct 14, 2019
The pound gave up a lot of gains from Friday as recent rhetoric surrounding Brexit seemed to suggest that a deal was still some way off. However, Sterling did rally back yesterday afternoon and overnight as it seems that progress was made. Last minute compromises have...
read more
