Category: GBP EURO exchange rates

April Review – We’re still in the dark over Brexit

Although the clocks went forward, they did not shed any fresh light on Brexit. The stalemate continued and the EU granted an extension to Article 50 until Halloween, by which time the clocks will have changed again and we’ll probably still be in the dark.

How is the UAE diversifying its economy to attract investment?

To oil or not to oil? How is the UAE diversifying its economy to attract investment? As oversupply concerns curtail the global oil price’s trudge back upwards following its flirtation with the underbelly of the $50 mark late last year, it is easy to imagine an oil-reliant United Arab Emirates (UAE) quivering at the thought… Continue reading How is the UAE diversifying its economy to attract investment?

What does the Federal Reserve’s policy U-turn mean for the FX market?

[box] The Federal Reserve delivered a very dovish surprise at its monetary policy meeting in January, signalling that its current interest rate hike cycle that began in late-2015 could be at an end. We heard from Matthew Ryan, Senior Market Analyst at Ebury to find out the latest currency updates in January [/box] The Federal… Continue reading What does the Federal Reserve’s policy U-turn mean for the FX market?

January FX Review: 2019 starts the year with a whimper

[box] January can be summed up by what we didn’t find out rather than what we did. In the UK, we had all expected to finally know what the prime minister’s Plan B looked like and what the House of Commons thought of it. However, in what is proving to be entirely in keeping with… Continue reading January FX Review: 2019 starts the year with a whimper

Brexit’s Impact on the Pound and the Foreign Exchange Market

[box] When the United Kingdom went to vote on the Brexit referendum in 2016, most people assumed that a decision to leave the European Union would have an effect on the world’s markets. However, few people predicted just how devastating the situation would become and just how deep and wide-spread the complications would be for… Continue reading Brexit’s Impact on the Pound and the Foreign Exchange Market

What Will Brexit Mean To London As The Top Financial Centre In The World

[box] As the Brexit deadline draws ever closer, it remains to be seen whether London will keep its place as the top financial centre in the world as is currently recognised by traders world-wide, but this could all depend on how the negotiations with the European Union proceed. Here, we’re going to explore the consequences… Continue reading What Will Brexit Mean To London As The Top Financial Centre In The World

Forex Trends in 2018: What Should Businesses Be Following?

[box] As a forex trader, it should already be routine for you to check the news every day for the latest in foreign currency price moves. “Blink, and you’ll miss it” surely applies in forex trading. Buy and sell foreign currencies based on old news, and you might instantly find yourself losing most — if… Continue reading Forex Trends in 2018: What Should Businesses Be Following?

What do the US midterm election results mean for the US Dollar?

[box] There were no real surprises whatsoever in last week’s US congressional midterm election, a far cry from Donald Trump’ shock Presidential election victory back in November 2016. [/box] [responsive][/responsive] Almost fully in line with a raft of opinion polls leading up to the election, Trump’s Republicans were able to retain control of the US… Continue reading What do the US midterm election results mean for the US Dollar?

FX UPDATE: How has the US-China Trade War Impacted the Currency Markets?

[box] Fears of a potentially damaging global trade war have dominated much of the headlines in the foreign exchange market in the past couple of months, particularly across the Atlantic. We heard from Ebury on the latest in the FX Markets. [/box] [responsive][/responsive] Lowering the US’s currently hefty trade deficit continues to be one of… Continue reading FX UPDATE: How has the US-China Trade War Impacted the Currency Markets?

FX Update: Markets look ahead to next week’s event risk

[box] The week started very quietly in terms of economic data, although more Brexit fears caused the pound to weaken against the US dollar. There have been some encouraging headlines about a Brexit deal with the UK, but the SNP have said that they will vote against any deal that takes the UK out of… Continue reading FX Update: Markets look ahead to next week’s event risk

September FX Update: Trump & Trade, May & Brexit

[box] As is becoming standard nowadays, there were political distractions in the United States throughout September. However, this time the only real attention on Donald Trump was by association. His pick for the Supreme Court, Brett Kavanaugh, was forced to testify in front of a Senate judiciary committee to refute allegations that he had sexually… Continue reading September FX Update: Trump & Trade, May & Brexit

Brexit uncertainty has diminished the risk appetite

[box] If we look back at sterling’s movements over the past month we can see they have been fairly sedate. Of course, there have been instances of intraday volatility but overall, there haven’t been any major moves. Against the dollar, for example, there has only been a four-cent swing between the highs and lows in… Continue reading Brexit uncertainty has diminished the risk appetite

What’s next for the Turkish Lira after its violent sell-off?

[box] The Turkish Lira (TRY) has sold-off violently in the past month, extending its slide to over 40% since the beginning of the year and emerging as one of the worst performing free-floating currency in the world in 2018. [/box] The currency was sent into freefall on Friday 10th August, crashing by over 20% to… Continue reading What’s next for the Turkish Lira after its violent sell-off?

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