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Morning Update – Preparing for a damp squib

We may have to eat our words tomorrow morning so here it goes…. GBP So we’ve only got an interest rate decision today as the press conference has been cancelled. Taking into account interest rates were put up last month and Carney has just extended his term we are expecting no surprises. We look forward READ MORE

Morning Update – Keep calm and carry on

Morning all Bit of a choppy one yesterday, but it appears that we’ve managed to hold the majority of the positive move we saw yesterday. GBP The old saying “no news is good news” appears to have been thrown out of the window! Barnier has alluded to the fact that a Brexit deal is achievable, READ MORE

Morning Update – Something to smile about

Morning all Going to break the trend today and ignore the Europeans and Americans… GBP The biggest mover last night rallying to a fresh 5 WEEK HIGH after Barnier has alluded to the fact that a Brexit deal will be achievable sooner rather than later, underpinning a demand GBP. The comments raise the prospect of READ MORE

Morning Update – Queuing for the Job Centre

Morning all Big afternoon for the US today, looking forward to an afternoon of data rather than twitter quotes! GBP Other than Boris Johnson getting divorced there is nothing to report from this end. I’m sure you’re getting bored of us rattling on about Brexit; rest assured it will be business as usual on Monday READ MORE

Morning Update – GERXIT?

Morning all Well who would’ve thought it, the Germans have our back! GBP & EUR Finally a bit of unity. Merkel government said on Wednesday it is preparing for all Brexit scenarios, including a no-deal, after its cabinet approved a draft law on a transition phase for Britain after it leaves the EU next year. READ MORE

Morning Update – Strapped for Cash?

Morning all Nothing of note going on in the markets today so we thought it would be a good opportunity to remind you of our ‘business funding’ arm of 1FX: https://1fx.fundingoptions.com It’s a really simple qualification process to see whether you’re eligible for finance. Fear not if your lacking in credit history or if you’re READ MORE

Morning Update – Drained!

Morning all I hope you’ve had a good weekend. Picture above doesn’t really depict what’s happening in the market…really it should be the ‘Brexit’ boat at the end of the waterfall! GBP Back to the doom and gloom unfortunately. Brexit headlines have sapped investor sentiment, after GBP gained to its highest in nearly a month READ MORE

Morning Update – Spoilt for choice

Morning all TGIF! GBP Holding nicely since the spike we saw on Wednesday afternoon. However Brexit minister Dominic Raab is due to meet Barnier in Brussels in an attempt to speed up their talks. Despite this week’s gains, sterling is set to register its fifth consecutive monthly loss. Despite Brexit talks hopes, investors were wary READ MORE

Morning Update – Conscious recoupling?!

Morning all Well finally some interesting news has caused some much needed GBP strength. We were all starting to get worried! GBP Sterling shot higher yesterday after EU’s chief Brexit negotiator Michel Barnier indicated that he was close to offering the UK a deal. Whether Britain accepts, is a different matter! Barnier said “we are READ MORE