The pound hit a three-year high against the euro last week, following the UK election result. Today, as MPs begin to return to Westminster before electing the Speaker tomorrow, the pound is still strong on optimism over a…
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The pound bounced up in early trading this morning, as the aftershocks of the General Election continued to be felt through the currency markets. On Thursday night we hit a three-year high against the euro within 5 minutes…
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The dollar strengthened yesterday as President Trump tweeted to say that the US are very close to securing a trade deal with China. The markets reacted to this renewed optimism on the hope that a phase one agreement…
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Christine Lagarde chaired her first monetary policy meeting yesterday, announcing that interest rates would be held at their all-time low rate of zero, and hinted at further cuts, saying ‘The Governing Council expects the key ECB interest rates…
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The pound has strengthened against the euro and the dollar as the Conservatives have secured a comfortable majority in Parliament. Sterling has reached a 19 month high against the dollar and more than a two year high against…
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The pound has strengthened this morning on the news that the Conservative Party has won the general election with a comfortable majority, securing their biggest win since 1987. In a post-election speech, Boris Johnson reiterated his pledge to…
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The dollar was slightly stronger yesterday ahead of the Federal Reserve’s announcement on interest rates. However, it weakened after Fed Chair Jerome Powell said that they will keep rates on hold, and would not raise them until they…
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Euro has started the day down against the pound, as election day dawns in the UK. The markets will also be paying close attention to this afternoons ECB press conference, following Christine Lagarde’s first monetary policy meeting, at…
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