• The Friday Forex Takeaway – Episode 5

    Key points This week As with last week, the standout performer over the week has been the British Pound which has seen strong gains on increased optimism over a potential Brexit deal. The Japanese Yen has been the weakest currency of the G10 bloc this week as better risk appetite has seen a lack of […]

  • Traders Nervous Ahead of Parliament Brexit Vote

    EU Backs PM’s Deal Three years and two Prime Ministers after the UK electorate narrowly voted in favour of leaving the European Union, the UK government is now on the verge of finally agreeing a Brexit deal. The Brexit deal offered to the EU by Boris Johnson this week was officially approved by EU leaders […]

  • 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 […]

  • The IndeX Files 15-10-2019

    US-Sino Mini Trade Deal Agreed Benchmark indices continue to be driven by the dominant themes of Brexit and US-Sino trade negotiations. Indices had been broadly higher following Friday’s news that the US and China had agreed a “phase one” trade deal. The deal, which has yet to be signed by Trump and Xi, includes $50 […]

  • 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 IndeX Files 08-10-2019

    Brexit & Trade Negotiations Driving Risk Sentiment Global benchmark indices have commenced the week’s trading with a mostly positive tone as attention shifts to the upcoming US – Sino trade negotiations. High-level officials from two leading global economies are due to meet in Washington on the 10th for the next round of negotiations. Over recent […]

  • UK PM To Submit Fresh Brexit Deal To EU

    New Brexit Proposals On The Table As the October 31st Brexit deadline draws closer, there is still a great deal of uncertainty about how the UK will leave the EU or if it will at all. Under new legislation passed recently by MPs (Benn Bill) parliament now has until October 19th to approve a Brexit […]

  • FTSE Rallies On UK Rate Cut Chatter

    BOE Sounding Dovish UK asset prices received a boost late in the week as Michael Saunders of the Bank of England’s Monetary Policy Committee warned that the BOE could be forced to cut rates following Brexit, pushing GBP lower. Speaking during a conference, Saunders said: “If the UK avoids a no-deal Brexit, monetary policy also […]

  • Brexit Update: UK Parliament Returns Following Supreme Court Verdict

    Government Loses Against Supreme Court UK Supreme Court judges this week returned their verdict over last week’s hearing regarding the legality of UK PM Johnson having prorogued parliament for five weeks. The outcome has taken the market, as well as political commentators, by surprise with all 11 judges ruling that Johnson acted illegally. Further to […]

  • UK Supreme Court Verdict Due Early Next Week

    Three Day Hearing Concludes The UK Supreme Court concluded its three-day hearing yesterday over the legality of UK PM Boris Johnson proroguing parliament earlier this month. Following a Scottish court ruling that Johnson acted illegally, the case was submitted to the Supreme Court, the highest court in the UK. Following the days of hearings, the […]

  • September BOE Meeting Preview

    Expectations For The September BOE Meeting The BOE, led by Governor Mark Carney, is due to make its last rate-setting decision today ahead of the October 31st Brexit deadline. Given the proximity of the deadline as well as the persistent uncertainty over the outcome, the consensus forecast is for the BOE to keep policy unchanged […]

  • The IndeX Files 17-09-2019

    Risks Remain Amidst Positive Backdrop The fundamental backdrop for equities remains supportive in the near term though benchmarks in the US, Europe, Asia and the UK have seen a pause in momentum so far this week. The announcement of a new range of easing measures from the ECB at its meeting this month has helped […]

  • The IndeX Files

    DAX DAX bulls have had a time recently as price continues to see-saw near recent highs. The main driver of price action has been the steady decline of both German and eurozone economic indicators over recent months. The German economy, which traditionally has been the export engine of the eurozone, has slowed dramatically this year. […]

  • Elections have secured the USD/RUB

    As the State Duma elections took part this Sunday, we can assume that there are steady positions ahead for the Russian Ruble. At the same time, GPB shows very promising rise for the future.