Monthly Archives: October 2016

Brexit Blues News

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GB POUND The pound is still suffering from “Brexit” blues, it started the week trading at 1.1008 against the Euro, and 1.2126 against the US Dollar. The Bank of England’s deputy governor Ben Broadbent views the fall in the value of the pound as a “shock absorber” for the economy in an interview on Monday. Mr Broadbent said "Having a flexible currency is an extremely important thing especially in an environment when your economy faces a shock that is different to your trading partners". Read more

Currency News Update

fcexchange-blog
GB POUND The pound is still struggling to recover from Friday’s “flash crash”. It started the week trading at 1.1109 against the Euro, and 1.2420 against the US dollar. The sharp losses last week were attributed to ministers at the Conservative party conference signalling they would favour the “hard Brexit” option for leaving the EU, this would mean Britain would sacrifice access to the single market in return for stricter control on immigration. Many experts fear this would cripple the Read more

Market Update

fcexchange-blog
GB POUNDThe pound came under pressure straight away on Monday off the back of comments from European Union policy makers, who suggest that Britain will be denied access to the single market unless it agrees to the freedom of movement and labour. Such a move could see other EU markets taking away talent and investment from the UK financial sector. This is worrying for the UK as financial services account for a large portion of GDP.British building supplies firm Wolseley announced today that it is Read more

The Pound & UK Financial Services Under Pressure

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GB POUNDThe pound came under pressure straight away on Monday off the back of comments from European Union policy makers, who suggest that Britain will be denied access to the single market unless it agrees to the freedom of movement and labour. Such a move could see other EU markets taking away talent and investment from the UK financial sector.This is worrying for the UK as financial services account for a large portion of GDP.British building supplies firm Wolseley announced today that it is planning Read more