• Pound Jumps on UK-EU Brexit Deal

    Taking to Twitter this morning, in a move which echoes that of Trump, the UK PM wrote “We’ve got a great new deal that takes back control — now Parliament should get Brexit done on Saturday so we can move on to other priorities like the cost of living, the NHS, violent crime and our […]

  • EU To Decide On Brexit Deal Tomorrow

    Midnight Deadline For Brexit Deal Today marks an important day for Brexit negotiations. The EU has given the UK a midnight deadline for agreeing a deal ahead of the EU summit which begins tomorrow. The plan is, if the UK and EU can agree an acceptable deal, the EU will then officially approve the deal […]

  • Brexit Update: Potential EU Backstop Concession

    Brexit Deal In Doubt Developments within the ongoing Brexit negotiations this week have cast further doubt over the likelihood that UK Prime Minister Boris Johnson will be able to agree a Brexit deal with the EU. The PM offered a set of amended terms to the EU last week, hoping for his new deal to […]

  • The Friday Forex Takeaway – Episode 3

    Key points from this week The Japanese Yen was the standout performer of the week, rising firmly against USD as heightened concerns over the health of the global economy drove steady safe-haven inflows over the week. The worst performing currency of the G10 space this week was the Swiss Franc which fell amidst a slew […]

  • GBPUSD Rallies As No-Deal Risks Fade

    Parliament Backs Article 50 Extension Over three years on from the infamous referendum which kicked things off, the Brexit roller-coaster has taken another wild turn this week as the Benn Bill became law, pushing GBPUSD higher.  Following Johnson announcing that he was proroguing parliament, those MPS opposed to a no-deal Brexit were able to take […]

  • UK Parliament Suspension: Next Steps and Market Impact

    Queen Approves Request To Suspend Parliament In a stark development of the ongoing Brexit saga in the UK, PM Johnson has had his parliamentary suspension request approved by the Queen. GBP tumbled yesterday as reports flooded in of Johnson’s request, which was later approved by the British Monarch. As such, UK parliament will now be […]

  • EURGBP Hits Highest Levels in 10 Years on Brexit Fears

    GBP Down Despite Data Beats It’s been an interesting week for the GBP as we’ve had a raft of data out, the majority of which surprised to the upside! However, price action has remained stubbornly muted. So, on Tuesday we had labour market data out of the UK, which saw average weekly earnings ticking up […]