• 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 Friday Forex Takeaway – Episode 4

    Key Points From This Week GBP has been the standout performer of the week among the G10 currencies as fresh Brexit-deal optimism has seen it rising firmly against USD. On the other hand, JPY has been the worst performing currency in the G10 space as Brexit hopes and optimism for a US-Sino “mini trade deal” […]

  • 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 […]

  • The IndeX Files 24-09-2019

    Risk Markets Looking for Fresh Drivers Global benchmark indexes remain muted following the September FOMC meeting. Policymakers, led by Fed chair Powell, announced a 25-basis point reduction in the headline cash rate, the second only rate cut in a decade. However, the voting split has seen reduced pricing for further rate cuts this year with […]

  • 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 […]

  • 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 […]