Monthly Archives: January 2017

Theresa May’s 12-point Key Note Brexit Speech

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GB POUNDAnother bad start to week for the pound, it started the week trading at 1.1345 against the Euro, and 1.2033 against the US Dollar as fears around “Brexit” are making investors nervous. Theresa May made a key speech at Lancaster house on Tuesday to outline Britain’s negotiation strategy for leaving the EU, many investors fear leaving the single market, the so called “hard Brexit” Inflation in the UK has increased to 1.6%. Rising air fares and higher food prices are the key driver Read more

Latest Economy News

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GB POUNDThe pound started the week on the back foot against all of the majors, following Theresa May’s first televised interview of 2017. Mrs May said the UK would have much tighter controls on immigration and secure the best possible trade deal, she said “people who thought the country can keep bits of EU membership were missing the point that it would be leaving". The PM’s comments fuelled fears of a “Hard Brexit” which caused the pound to drop to 1.2138 against the US dollar, and 1.1525 Read more

Global Economy News

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GB POUNDThe pound started the week trading at 1.1729 against the Euro (GBP/EUR) and 1.2339 against the US Dollar (GBP/USD). Official figures released on Tuesday showed the UK’s manufacturing purchasing managers’ index (PMI) rose to a two-year high, which allowed the pound to rally against the euro hitting its highest level in two weeks at 1.1810. Meanwhile, Britain and Ireland have set up a new trade network to offset the impact of ‘Brexit’. The British Irish Chamber of Commerce (BICC) Read more