Market Report – 04/03/19

By Greg Smith on Monday, March 4th, 2019

in Market Insights

GBP – Stock building continues There has been a shift in Prime Minister May’s rhetoric in favour of extending Article 50. The Labour Party’s move to back a second referendum without a ‘no deal’ option also overtook this week’s key events. Mrs May confirmed that the second ‘meaningful’ vote will take place by 12th March […]


Market Report – 25/02/19

By Greg Smith on Monday, February 25th, 2019

in Market Insights

GBP – Delayed meaningful vote Prime Minister May has confirmed that the meaningful vote on her Brexit deal will be held by 12th March.  This is just 17 days before the the UK is due to leave the EU. The Commons may still debate and vote on amendments on Wednesday after an update from the […]


Market Report – 18/02/19

By Greg Smith on Monday, February 18th, 2019

in Market Insights

GBP – Commons defeat again Following the House of Commons defeat last week, we have learned very little.  The Government’s latest motion was defeated but we know little more regarding the UK’s path to leaving the EU. The focus now shifts to the 26/27th February, when the Prime Minister is scheduled to announce her progress to […]


Market Report – 11/02/19

By Greg Smith on Monday, February 11th, 2019

in Market Insights

GBP – Meaningful vote? After a brief respite, we are back to watching Brexit developments this week.  The prime minister met with Tusk and Juncker last week to talk about potential alternatives to the Northern Irish backstop. No immediate progress seems to have been made. Further talks are expected before the end of the month. The […]


Market Report – 04/02/19

By Greg Smith on Monday, February 4th, 2019

in Market Insights

GBP – BoE inflation report The House of Commons voted on amendments to the Government’s motion on Tuesday.  This provided an indication of MPs’ thoughts on different solutions. The announcement of a follow-up vote on 14th February gives the Government time to try and renegotiate with Brussels.  So far the response from Brussels has been that […]


Market Report – 28/01/19

By Greg Smith on Monday, January 28th, 2019

in Market Insights

GBP – Amendments will be key Sterling strengthened above $1.30 and €1.15 as the markets’ judge that a ‘no deal’ Brexit has fallen. Rising UK wage growth, which has reached a ten year high of 3.4% also added further support. The focus this week is on the House of Commons vote on Theresa May’s ‘plan B’ […]


Market Report – 21/01/19

By Greg Smith on Monday, January 21st, 2019

in Market Insights

GBP – Plan ‘B’rexit On Tuesday, the House of Commons emphatically rejected Prime Minister May’s withdrawal bill by 230 votes. Mrs May’s government then narrowly survived a vote of ‘no confidence’ on Wednesday. With this, it seems that the Brexit process is no more certain.  Today the Prime Minister will report back to parliament with her […]


Market Report – 14/01/19

By Greg Smith on Monday, January 14th, 2019

in Market Insights

GBP – Brexit withdrawal vote The focus this week is the Brexit withdrawal vote in the House of Commons, planned for tomorrow evening. Members of Parliament are expected to vote on any amendments before the key vote on the EU Withdrawal Agreement. The government lost two key votes last week, including an amendment which means that […]


Market Report – 07/01/19

By Greg Smith on Monday, January 7th, 2019

in Market Insights

GBP – Parliament start debate  Parliament reconvenes today with the debate on the Withdrawal Act due to begin on Wednesday. The vote in the House of Commons is expected to take place on the 15th. In the meantime, Prime Minister May and her team continue to lobby members of parliament and other EU leaders to try […]


Market Report – 02/01/19

By Greg Smith on Wednesday, January 2nd, 2019

in Market Insights

Firstly, we would like to wish a Happy New Year and a prosperous and productive 2019 to all our readers! GBP – Focus back on Brexit debate Whilst we enjoyed a break over the Christmas period, a break from Brexit was particularly welcome.  We return to the subject immediately as the House of Commons is due […]


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