Option markets turn optimistic on sterling prospects

GBP Sterling continues to float in anticipation of the next Brexit headline. With little changes thus far, Prime Minister Theresa May has until Wednesday to realistically strike concessions on the Irish backstop before facing a possible revolt in Parliament....

Fed rate hike binary – 0 or 1 in 2019.

GBP Sterling continues to fluctuate with little Brexit news forthcoming. Yesterday saw 3 Tory MP’s defect the ruling party to join The Independent Group, lifting the levels of MPs to 11 – the same size as the Liberal Democrats. Meanwhile, rating agency Fitch...

Recent rumours keep lifting sterling higher and higher

GBP Rumours of European Union concessions combined with building anticipation that the UK Parliament will take the necessary steps to prevent a hard Brexit from happening was enough to send sterling to multi-week highs against USD and EUR yesterday. Political editors...

Baby you can drive my car – off a cliff-edge Brexit it seems

GBP Sterling flurried with a weakening US dollar yesterday, as the US celebrated a bank holiday. The main political headline for the UK came from news that 7 Labour MP’s had defected to create ‘The Independent Group’. Many struck comparisons with yesterday’s move and...

Flock of ECB doves flying over throws a shadow on EUR

GBP With few Brexit developments on Friday UK data was suddenly capable again of making the needle move after smashing Retail Sales sent GBP to the top of the G10 currency board. Retail Sales grew by 1.0% in January, while December’s figures were adjusted upwards as...

Call 911, its a state of Emergency.

GBP Sterling continued to fall against the US dollar yesterday despite the greenback broadly weakening against the G10 basket. The main highlight of the day came in the form of another governmental loss in Parliament. Theresa May laid down a neutral motion, which...