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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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Pound drops despite interest rate hike

Pound Drops: We have seen the Pound drop across the board this afternoon, despite the expected interest rate hike by the Bank of England. All 9 members voted for rates to go up to 0.75%. As we predicted in our…

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Pound weakens on proposed Brexit Customs Plan

Why has the Pound fallen today? Theresa May has revealed some details about the proposed new Brexit Customs Plan.  There are meetings today between the Prime Minister and Angela Merkel, but they don’t seem to be going as well as May had hoped. We’re…

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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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GBP Forecast – will we see a rate hike in August?

Bank of England

As forecast by my colleague Alastair rates have pushed back through the 1.14 level today following the latest Bank of England interest rate meeting. As expected, the central bank held its key base rate on hold at 0.5% but it…

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