Category: Uncategorized

Afternoon all Well that was an interesting opening statement from Theresa May this afternoon. We are determined to get back to the usual format so here it goes…. GBP In a nutshell Theresa May has given an opportunity for the House of Commons to vote on Theresa May’s revised deal. If that is not passed READ MORE

Afternoon all Well another potential Brexit delay on our hands. I think we are all sick of it and have lost complete faith, hence the market staying relatively static… GBP The Europeans want us to extend and Theresa May has stated in the news this afternoon that she “would like” to leave the EU on READ MORE

Morning all The Brexit roller coaster continues! As we were writing the update GBP increased in strength off the back of news that the finance minister Phillip Hammond stated that Brexit talks with Brussles had been constructive and that lawmakers could vote on a revised deal as early as next week! This has given GBP READ MORE

Morning all Another crushing defeat for May yesterday, so much so that she didn’t even bother turning up! GBP & EUR GBP hovering around 1 month lows at present after Theresa May lost a symbolic Brexit vote in parliament, no surprises really as the Eurosceptics in Parliament are really gaining traction and popularity within the READ MORE

Morning all Parliament have been eerily quiet of late over the past few days with votes being cancelled and reports that Theresa May will be throwing the towel in this summer. GBP & EUR GBP has slumped to 3 week lows against the major currencies with growing concerns that we cannot secure a decent deal READ MORE

Morning all Lots that has been going on behind closed doors, however nothing that we the ‘joe public’ are privy to. GBP & EUR We really are at a knife edge at the moment and we are still no clearer with only 8 weeks to go. Clients constantly are asking 1FX what would happen if READ MORE

Morning all Interesting talks ahead for Theresa May in Brussels after a lengthy evening in Parliament last night…. Parliament can agree it hates a no deal – but not on a way to prevent it. The only question now is whether or not a majority can be formed for a negotiated Brexit, or whether we READ MORE

Morning all We thought it best to wait for the dust to settle before filling our morning update with concrete ‘facts’. Struggling to decipher what is factual and what is political jargon both in the UK and the US! GBP/EUR So over the past 2 weeks we’ve seen GBP bounce 6 percent from the lows READ MORE

Afternoon all Well this is going as expected, very poorly! Let us try and explain what has happened and what is going to happen… Last Night Theresa May’s Brexit deal lost by a devastating 230 votes, as MPs were finally given the chance to approve or reject the draft. As soon as the results were READ MORE

Afternoon all We are expecting higher volatility this evening as news trickles through from Parliament. As a result we will be available to trade via our platform or on the phone until 9PM 1FX READ MORE