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Brexit vote: What could this mean for the pound?

By HiFX  /     Jan 09, 2019  /     Europe  /     0 Comment

As we progress into 2019, Brexit is back in the news with nothing significantly changing, in relation to the negotiations, since Parliament closed for Christmas in 2018. The leaders of the other 27 EU countries have signed off Theresa May’s withdrawal agreement but there is speculation that it will not get the backing of the […]

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Introducing the Brexit Barometer

By HiFX  /     Dec 07, 2018  /     Europe  /     0 Comment

With the “meaningful vote” in the UK Parliament on Tuesday the 11th and the final EU summit on the 13th and 14th of December, businesses should be prepared for all possible outcomes given there is a strong possibility the vote will fail in the UK parliament. The Pound has been negatively affected by ongoing concerns […]

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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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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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