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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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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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Second round of Brexit talks: “points of convergence and points of divergence”

By HiFX  /     Jul 21, 2017  /     Market Updates  /     0 Comment

After the pleasantries of the first round of Brexit talks in June, both sides stated that the second meeting this week is where the real work would begin. The EU’s chief negotiator, Michel Barnier, stated on Monday morning that the talks would “now delve into the heart of the matter”, while his UK opposite, David […]

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Pound fluctuates on interest rate speculation

By HiFX  /     Jun 23, 2017  /     Market Updates  /     0 Comment

One year on from the EU Referendum, UK politics remain eventful, with the start of Brexit negotiations and the opening of Parliament with the Queen’s Speech both taking place this week. But while headlines have mostly focused on political events, currency markets have been more interested in a number of comments from the Bank of […]

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Could a Tory-DUP deal settle nerves on the currency markets?

By HiFX  /     Jun 16, 2017  /     Market Updates  /     0 Comment

When Theresa May announced she was calling a snap General Election, most analysts predicted a Conservative landslide and a possible wipe-out for the Labour party. Instead, the Tories lost their parliamentary majority and the country is coming to terms with a hung parliament. With 318 seats, the Conservatives are still the largest party in the […]

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In Conversation: Protecting your bottom line from the impacts of currency fluctuations

By HiFX  /     Jun 14, 2017  /     Global  /     0 Comment

Welcome to In Conversation, foreign exchange insights and discussions from HiFX to support businesses that send or receive international payments. For more on effective foreign exchange risk management, join us at our free CIMA Bitesize Briefing events in London (21st June) and Bristol (22nd June).   The foreign exchange markets have become more and more […]

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