Currency Forecasts
Category: Article 50 effect on Pound
Article 50 to be delayed?
The Pound remains relatively stable against most major currencies despite the on-going Brexit uncertainty. This week parliament continues to debate the withdrawal agreement, with the ‘meaningful vote’ due to take place next Tuesday. However there is every chance that this…
Read MoreCurrency volatility expected as Brexit process begins today
It will come as no surprise to most of our readers that Article 50 will be invoked today. The letter was signed by Theresa May and will be delivered to Donald Tusk at 12:30pm. It won’t come as a surprise…
Read MoreSterling jumps on higher inflation figures
UK inflation figures have just been released, showing that the annual CPI reading was 2.3%, a little higher than expected and above the 2% target at which the Bank of England would normally raise interest rates. Following on from last…
Read MorePound/Euro forecast: Article 50
GBP/EUR rates have steadied somewhat today, after falling briefly into the €1.13’s first thing this morning. The Government have now won the right to trigger article 50 and start negotiations with the EU, however this may not happen as soon…
Read MoreUSD strengthens as interest rate hike looms
We were expecting a little more volatility in the markets this morning following President Trumps speech to congress last night, but he didn’t really offer any details on his tax plans or stimulus measures as we had expected. Instead he…
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