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Euro weakened by indecisive German election result

By HiFX  /     Sep 25, 2017  /     Germany  /     0 Comment

The Euro came under pressure on Monday after Angela Merkel’s ruling CDU/CSU party remained the largest party in Germany’s parliament but with its worst result in almost 70 years, taking 33% of the vote. Currency markets worried by shift in German politics Forming a coalition is not unusual in German politics. But these election results […]

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Pound rises as Bank of England suggests it may increase interest rates “over the coming months”

By HiFX  /     Sep 14, 2017  /     Market Updates  /     0 Comment

Minutes of today’s Bank of England meeting showed that members voted 7-2 to keep rates on hold. Michael Saunders and Ian McCafferty maintained their vote to increase rates, while the newest member to the committee voted to keep rates on hold. However, the minutes show that the Bank of England appears to be considering raising […]

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Euro jumps as ECB signals QE decision in October

By HiFX  /     Sep 08, 2017  /     Market Updates  /     0 Comment

The Euro strengthened over one percentage point against the Dollar, hitting its highest level since January 2015, following yesterday’s European Central Bank (ECB) meeting, despite them leaving monetary policy on hold. The Euro also strengthened against the Pound, as ECB President Mario Draghi signalled a decision on their quantitative easing (QE) programme would likely come […]

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Third round of Brexit talks: “no decisive progress” but “an important stepping stone”

By HiFX  /     Aug 31, 2017  /     Market Updates  /     0 Comment

Michel Barnier and David Davis have spoken at a joint press conference following the conclusion of the third round of Brexit talks. Both sides acknowledged that progress has been made in some of the key areas, but there are also areas of tensions between the two teams. Barnier warned that “time is running out”, while […]

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In Focus: Understanding your business’ exposure to foreign exchange risk

By HiFX  /     Aug 23, 2017  /     Global  /     0 Comment

Welcome to In Focus, foreign exchange insight from HiFX to support businesses that send or receive international payments. For more information about how businesses can mitigate the risks of foreign exchange exposure , download our new currency risk whitepaper.   In the current uncertain political and economic environment, where sharp movements in exchange rates are becoming more […]

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Could the German election deliver a surprise result?

By HiFX  /     Aug 10, 2017  /     Money Matters  /     0 Comment

With a political system designed to ensure balance and stability, German politics tends to remain fairly free from surprises. Despite doubts about the reliability of opinions polls after the unexpected election results in the UK and USA recently, it is reasonable to expect German politics to remain relatively uneventful. But with national elections due to […]

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What’s next for UK interest rates?

By HiFX  /     Aug 02, 2017  /     Market Updates  /     0 Comment

There has been much speculation in recent months about the prospect of the Bank of England raising interest rates. The US central bank raised rates recently and concerns remain about rising UK inflation, so could the next meeting of the UK’s Monetary Policy Committee on Thursday 3rd August see a rate rise? The short answer […]

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