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Brexit Broadcast: What we know so far and where is the momentum heading

By HiFX  /     Dec 05, 2017  /     Global  /     0 Comment

Welcome to Brexit Broadcast, our quarterly update on how the Brexit process is impacting the currency markets and what this means for businesses with exposure to foreign exchange risk.   2017 headlines have been dominated by the ongoing Brexit process, and the currency markets have been closely watching the developments. While dealing is now taking […]

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Euro wobbles as German coalition talks collapse

By HiFX  /     Nov 21, 2017  /     Germany  /     0 Comment

After an indecisive election result back in September, Angela Merkel entered into exploratory talks for a three way coalition government with the liberal Free Democrats (FDP) and the environmentalist Greens. However, these talks broke down over the weekend as the Free Democrats walked out, claiming there was “no common vision for modernisation of the country […]

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Pound falls despite first interest rate rise in a decade

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

As was widely expected, the Bank of England’s Monetary Policy Committee (MPC) has voted to raise interest rates for the first time in over a decade today. However, the foreign exchange markets were disappointed by the cautious tone of today’s announcement and the Pound dropped sharply as a result. Interest rates rise to 0.5% The […]

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In Conversation: Mark Milton Jewellery – managing currency risk to improve the customer experience

By HiFX  /     Oct 31, 2017  /     Global  /     0 Comment

Welcome to In Conversation, foreign exchange insights and discussions from HiFX to support businesses that send or receive international payments.   In our latest In Conversation video, Mark Milton, Director of Mark Milton Jewellery, explains how he manages his company’s exposure to currency risk in order to provide greater certainty to his customers. Mark Milton […]

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Will the Bank of England raise interest rates next week?

By HiFX  /     Oct 26, 2017  /     Market Updates  /     0 Comment

Back in September, the Pound received a boost when the Bank of England suggested that it was considering raising interest rates in the near future. Since then, there has been ongoing speculation about when they will reverse the 0.25% interest rate cut that was implemented last year after the EU referendum. The market currently suggests […]

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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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