By Greg Smith on Monday, May 13th, 2019
in Blog, Market Insights
GBP – Labour market report Markets remain spooked by the ongoing trade tensions flare up. Meanwhile, cross-party talks between Conservative and Labour ministers have been going on for six weeks without a breakthrough. A Government spokesperson described the talks as “constructive and detailed”. However, comments from Labour suggested the Government will need to move its […]
By Greg Smith on Tuesday, May 7th, 2019
in Blog, Market Insights
GBP – Cross-party agreement? Brexit and the potential for a cross-party agreement will remain a key focus this week. Reports suggest that a final summit between Conservative ministers and their Labour counterparts is likely to be held this week. Any deal would increase expectations that the Withdrawal Agreement could successfully pass through parliament. If these […]
By Greg Smith on Monday, April 29th, 2019
in Blog, Market Insights
GBP – Brexit talks continue Brexit continues to be the focus in UK financial markets but there is still little sign of a solution. Cross-party Brexit talks between the Conservatives and Labour will continue this week. The House of Commons is unlikely to vote on the EU Withdrawal Agreement this week. It is unlikely that […]
By Greg Smith on Tuesday, April 23rd, 2019
in Blog, Market Insights
GBP – Parliament returns to Brexit talks Parliament has been in recess for the past week and the news has been almost devoid of Brexit talk. Cross-party talks between the Conservatives and Labour have been continuing and will carry on as Parliament returns to Brexit talks today. In an interview last Sunday, David Lidington said […]
By Greg Smith on Monday, April 15th, 2019
in Blog, Market Insights
GBP – Brexit flexibly delayed Following the emergency EU summit, the UK’s exit from the EU is now ‘flexibly’ delayed to the end of October. Parliament is now in recess so expectations are for a quieter week in politics. The immediate risk of a ‘no-deal’ Brexit appears to have been averted. Reports suggesting that Government […]
By Greg Smith on Monday, April 8th, 2019
in Blog, Market Insights
GBP – Cross-party talks continue Cross-party talks between Prime Minister May and opposition leader Jeremy Corbyn are ongoing in an effort to break the impasse in Parliament. This represents a last-ditch attempt to find a solution. However, it remains to be seen whether any common ground can be found. Even if there is no agreement […]
By Greg Smith on Monday, April 1st, 2019
in Market Insights
GBP – If at first, you don’t succeed We start the week much as we finished last week, with more indicative votes. The House of Commons debated alternative ways forward last week, with no options providing a consensus. The customs union and a second confirmation referendum were the closest options. Following this, Prime Minister May […]
By Greg Smith on Monday, March 25th, 2019
in Market Insights
GBP – Politics remain key The expected third meaningful vote did not take place last week, after being blocked by Speaker Bercow and this week politics remains key. Following the new timetable laid down at the EU summit, the House of Commons has until 12th April to pass the EU withdrawal deal. The eventual […]
By Greg Smith on Monday, March 18th, 2019
in Market Insights
GBP – Third ‘meaningful’ vote Does a vote become less meaningful once it is the third ‘meaningful’ vote? We are primed for this third vote in the House of Commons tomorrow, but only if there appears to be sufficient support from the DUP and Tory backbenchers. Whether the vote is successful will affect how long […]
By Greg Smith on Monday, March 11th, 2019
in Market Insights
GBP – Brexit showdown again The second ‘meaningful’ vote on a Brexit deal is scheduled for tomorrow. There will potentially be further votes, including to extend Article 50, if the deal is rejected. There appears to be no sign of a breakthrough in negotiations to provide reassurances on the Irish backstop. The Brexit showdown vote […]
