Market Report – 01/10/18

By Greg Smith on Monday, October 1st, 2018

in Market Insights

GBP – Conservative’s Party Conference Last week saw a significant focus on the Labour Party Conference which came to an end on Wednesday.  There was relatively little reaction from the market, though there was a push for a general election, suggestions of a further referendum on Brexit and rejection of Prime Minister May’s Chequers arrangement.  […]


Market Report – 01/10/18

By Greg Smith on Monday, September 24th, 2018

in Market Insights

GBP – Conservative’s Party Conference Last week saw a significant focus on the Labour Party Conference which came to an end on Wednesday.  There was relatively little reaction from the market, though there was a push for a general election, suggestions of a further referendum on Brexit and rejection of Prime Minister May’s Chequers arrangement.  […]


Market Report – 17/09/18

By Greg Smith on Monday, September 17th, 2018

in Market Insights

GBP – May at EU Summit Brexit negotiations appear to be making progress. More positive comments have shifted expectations to an agreement being reached by the November summit. Even if this timetable doesn’t slip further, there will still be a number of hurdles, including passing through parliaments. There is scope for further progress this week […]


Market Report – 10/09/18

By Greg Smith on Monday, September 10th, 2018

in Market Insights

GBP – MPC likely watching data  The data out for the UK last week was mixed, with August manufacturing and construction PMIs lower in July.  Services PMI, however, rose by more than expected leading to a rise in the composite. Today we will see the first indications of GDP growth in the third quarter.  Monthly […]


Market Report – 03/09/18

By Greg Smith on Monday, September 3rd, 2018

in Market Insights

GBP – Carney before Treasury Committee Bank of England Governor Mark Carney and colleagues from the Monetary Policy Committee will testify about the recent interest rate hike and August Inflation Report in front of the House of Commons Treasury Select Committee. There are rumours that Mr Carney has been asked to stay on as BoE […]


Market Report – 28/08/18

By Greg Smith on Tuesday, August 28th, 2018

in Market Insights

GBP – Brexit negotiations ramp up The focus for the UK will remain the ongoing Brexit discussions.  UK Brexit Secretary Dominic Raab and EU chief negotiator Michel Barnier met last week and announced that with key autumn deadlines approaching, negotiations will be ongoing. Mr Raab and Mr Barnier will likely meet again this week.  Last […]


Market Report – 20/08/18

By Greg Smith on Monday, August 20th, 2018

in Market Insights

GBP – Brexit negotiations resume Last week was a busy week for economic data in the UK, though the data had little bearing on the fortunes of sterling.  Unemployment fell to a 43-year low of 4%, though pay growth remained modest.  Inflation moved slightly higher for the year, whilst the ‘core’ rate remained steady at […]


Market Report – 13/08/18

By Greg Smith on Monday, August 13th, 2018

in Market Insights

GBP – GDP Bounces Back Second quarter GDP was the main piece of data for the UK last week.  GDP showed a rebound to 0.4% for the quarter reflecting rises in industrial production and construction.  Services were more of a concern showing no growth, with exports also falling over 3.5%.  Sterling fell against the USD […]


Market Report – 06/08/18

By Greg Smith on Monday, August 6th, 2018

in Market Insights

GBP – Sterling struggles after rate hike Last week, the Bank of England raised interest rates to 0.75% from 0.5%. The BoE also slightly increased its inflation forecast.  The committee suggested that further modest rate increases were likely, dependent upon Brexit outcomes.  There was new guidance around the ‘neutral’ interest rate which it put at […]


Market Report – 30/07/18

By Greg Smith on Monday, July 30th, 2018

in Market Insights

GBP – BoE rate hike expected In a busy week in the UK, the Bank of England will decide on an interest rate hike in addition to providing updated economic forecasts and guidance on ‘neutral’ interest rates. We expect the MPC to agree on a rate hike of 0.25%, for the second time in nine […]


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