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Pound falls as chances of No Deal Brexit increase

Good morning. The Pound has fallen this week, as markets reacted to increased chances of a No Deal Brexit. Last week, after the Bank of England interest rate decision, governor Mark Carney gave warnings of the impact of the UK…

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Will Bank of England raise interest rates this week?

On Thursday this week, the Bank of England’s Monetary Policy committee will decide whether to raise interest rates from their current 0.5%. In my post yesterday I said that it’s unlikely that they would change this, however I now think…

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Need to Buy Euros? Will the rate get better?

Pound/Euro rates weakened further last night, as the Euro gained strength and became more expensive to buy. As we thought, the EU Council meeting was dominated by migration talks. It looks like the EU have come to an agreement on…

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Key Brexit Dates: How could this affect GBP/EUR?

Once again sterling has had a relatively quiet week against the Euro. Could this change next week? Below, courtesy of the BBC, you can see an extensive timeline of key dates regarding on-going Brexit negotiations. With the pound falling yesterday following…

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How could the Italy situation affect GBPEUR?

Yesterday we saw the GBP/EUR rate rise to €1.15 due to the political situation developing in Italy. This morning however, rates have come back down to around the €1.1430 mark. This is due to strong Retail Sales data from Germany,…

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