Brexit

UK General Elections

Brexit, UK June 13, 2017

Sterling Price Drops following UK Hung Parliament

At 10 pm last night, the Pound took a major hit as exit polls pointed to a hung Parliament. Buying rates for the Euro and Dollar fell by over two cents, and Theresa May’s gamble hasn’t paid off well at all. Fortunately, the losses for Euro and Dollar buyers haven’t continued, and they seem to have leveled out considerably. While that’s great news, there’s no reason to suspect that this is the end. All of the recorded losses occurred prior to European markets being open to trade on the news, which means there might be more to come as mid-morning…

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Teresa May called general elecitons

Brexit, UK April 22, 2017

As Theresa May Bids for a Way to Sideline Conservative Brexiteers the Pound Jumps

On the day that British Prime Minister Theresa May called for a snap election, the pound was the highest performing currency in the world.  The announcement for the election was unexpected. May said over and over that she was not looking to make any big moves even though her party made a huge lead in all the polls. It appears, though, that the government feels there will be a big victory in the election that will strengthen the UKs negotiations in the Brexit movement.  According to May, the election has to take place before the European Union takes its own…

Person with ubrella near London Stock Exchange

Brexit, Europe April 5, 2017

Pound Rate Gained Boost Against Euro And Dollar

Heading into the weekend, buying US Dollar, Euro and the Australian Dollar exchange rates received a boost. This appears to be a reaction of Article 50 being triggered. Let’s not forget to mention that the European response probably affected the rates, too. People who follow this site probably know that when Article 50 was triggered last Wednesday didn’t really overwhelm the currency markets. A good example of this is the Pound to Euro exchange rates. Those rates were pretty slow throughout the day, which one may not have expected because there has been talks about triggering Article 50 for months….

GBP to EUR exchange rate growth

Brexit April 1, 2017

Article 50 Triggering Strengthens Euro

Article 50 was triggered by PM Theresa May, causing a strengthening of the pound against the euro with exchange rates breaking through 1.17 Some sources are reporting that the EU and the UK have negotiated a €50 billion settlement ahead of upcoming Brexit talks. Nothing is official at this point however, and Westminster MPs are still open to further negotiations. While the triggering of Article 50 is a big deal, Brexit negotiations will continue to make news for years, and we’ll be here to keep you up to date. Other events will also have an influence on the markets, such…

EU countries flags

Brexit, Europe March 28, 2017

5 Years Eurozone Growth And Brexit Issues

Published the other morning, Eurozone Growth showed the most impressive level in over five years according to the latest Market Composite Purchasing Manager’s Index. This is a reading that came in at 56.7 over the previous month at 56 and anything that is above 50 shows growth. Article 50 is coming soon and the timing of the data release is really highlighting all of the risk the UK is facing after officially announcing the withdrawal from the European Union. We are certainly opening ourselves up to about two years of negotiations with the 27 of the member states, which means…

Invoke Article 50 now demonstration

Brexit March 20, 2017

What impact will the invocation of Article 50 have on the Sterling?

Theresa May just stated that Article 50 is going to be activated on Wednesday, March 29, 2017. The belief amongst a lot of people is that the Sterling’s value will fall immediately after invocation. However, I do not believe that that’s true. The market generally moves on rumors and facts. In my opinion, the invocation of Article 50 has already been factored into the current levels. Since we already know that Article 50 is about to be triggered and we already have a date, then it won’t come as a shock when it happens. While the market reacts quite badly…