Market Report – 22/07/19

By Greg Smith on Monday, July 22nd, 2019

in Blog, Market Insights

GBP – New PM Johnson? Markets have been waiting impatiently for confirmation of the new Tory Party leader and Prime Minister.  PM Johnson is still odds-on favourite to be confirmed on Tuesday.  The official appointment is likely to be on Wednesday, so the new PM may not have chance to address the Commons before it […]


Market Report – 15/07/19

By Greg Smith on Monday, July 15th, 2019

in Blog, Market Insights

GBP – BoE stick to rate rises Last week saw the Bank of England policymakers stick to the idea that rates should rise gradually. Over the medium term, the BoE assume a smooth Brexit with appetite to increase rates once the uncertainties subside. May GDP rebounded by 0.3%, almost reversing the 0.4% drop in April.  […]


Market Report – 08/07/19

By Greg Smith on Monday, July 8th, 2019

in Blog, Market Insights

GBP – Bank of England to be more dovish? The Bank of England has looked like an exception to the dovish stances taken by the other major central banks. The May Inflation Report signalled gradual rate increases. In contrast, recent comments from US Fed officials could agree on a rate cut as early as the […]


Market Report – 01/07/19

By Greg Smith on Monday, July 1st, 2019

in Blog, Market Insights

GBP – PMIs slow growth suggested For this week, the UK’s economic calendar is fairly light. Analysts expect the June PMIs to show modest increases in all three sectors.  Their overall level is likely to indicate slow overall GDP growth. Manufacturing dipped below 50 in May but is expected to move back to 50. The […]


Market Report – 24/06/19

By Greg Smith on Monday, June 24th, 2019

in Blog, Market Insights

GBP – BoE holds rates Last week, the Bank of England left rates unchanged, though expectations are still for gradual rate rises. This week, BoE Governor Carney and fellow MPC members Cunliffe, Tenreyro and Saunders testify on the latest Inflation Report at the Treasury Select Committee after the BoE holds rates. The assumptions within the […]


Market Report – 17/06/19

By Greg Smith on Monday, June 17th, 2019

in Blog, Market Insights

GBP – BoE to hold again The Bank of England provides a policy update and is still suggesting that UK interest rates will eventually rise.  However, given the Brexit uncertainty, the Committee is likely to say that they should hold fire for now. Thursday’s policy update is likely to be another unanimous vote for no […]


Market Report – 10/06/19

By Greg Smith on Monday, June 10th, 2019

in Blog, Market Insights

GBP – Conservative leadership Round One The focus since last week has been the start of the Conservative leadership contest. Theresa May will remain as PM until a new leader is chosen. Today is the deadline for nominations and a new leader is expected by 26th July. Under new party rules, candidates need to be nominated […]


Market Report – 03/06/19

By Greg Smith on Monday, June 3rd, 2019

in Blog, Market Insights

GBP – Tory leadership posturing Parliament will return from recess tomorrow and the focus will be on the Tory leadership election set to kick off next week. We have already seen the start of the posturing by the Tory leadership contenders.  This week, attention may shift away from the contest as President Trump visits the […]


Market Report – 28/05/19

By Greg Smith on Tuesday, May 28th, 2019

in Blog, Market Insights

GBP – May to stand down Prime Minister Theresa May will stand down in early June.  Her position became untenable as her plans to bring the EU Withdrawal Bill back to Parliament unravelled.  She will remain until 7th June after president Trump’s visit, and then until a new leader is chosen. Sterling has been sliding […]


Market Report – 20/05/19

By Greg Smith on Monday, May 20th, 2019

in Blog, Market Insights

GBP – Sterling weaker on Brexit Despite even lower unemployment last week, the British pound has been under pressure. We have seen sterling weaker across the board, with GBPUSD and GBPEUR falling below 1.28 and 1.1450 respectively. The focus has been on Brexit and political developments. Prime Minister May promised to set out a timetable […]


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