http://www.kbrfx.com/daily-market-update/ Foreign Exchange Market Updates From KBRFX http://www.kbrfx.com/daily-market-update/2019/04/01 Mon, 01 Apr 2019 13:08:19 +0100 Sterling falls as Parliament falls short to end Brexit deadlock again. Sterling headed for its worst month since October against the dollar after U.K. lawmakers voted against Theresa May’s Brexit plan for a third time on Friday. On Friday Sterling slid to a three-week low instantly after the vote result. The failure of May’s last-ditch effort to get her deal through Parliament leaves the U.K. with the choice between crashing out of the EU without a deal… http://www.kbrfx.com/daily-market-update/2019/03/21 Thu, 21 Mar 2019 10:13:28 +0000 Pound slides to one-week low as Theresa May looks for Brexit delay. Sterling slipped to a one-week low after Theresa May confirmed she would only ask for a three-month delay to the Brexit deadline and reports suggested the EU may not back her request. The Prime Minster told Parliament that she was sticking to her plan to avoid a long delay to the Britain’s departure from the EU. Jean-Claude Juncker the European Commission President is reportedly warning May against including… http://www.kbrfx.com/daily-market-update/2019/03/20 Wed, 20 Mar 2019 15:08:30 +0000 May asks EU for Brexit Extension.   Theresa May has asked the EU for an extension to the Brexit deadline until June 30, she told lawmakers in the House of Commons. It increases the chances that the U.K. could crash out at the end of June. May spoke to Jean-Claude Juncker the EU Commission President about her letter seeking a three-month delay to Brexit before she informed Parliament. Some pro-EU ministers are likely to want a longer delay, fearing a new cliff-edge at the… http://www.kbrfx.com/daily-market-update/2019/03/12 Tue, 12 Mar 2019 10:00:49 +0000 Sterling may strengthen 2% if hard Brexit is avoided.   Sterling could end the week anywhere in a range of 10% given the gap between the possible outcomes to Tonight Brexit vote. The pound could fall as much as 8% if U.K. lawmakers dismiss Theresa May’s latest Brexit deal and then proceed to vote to leave the European Union without a deal.  On the other hand, it could climb 2%, building on this year’s 3.7% gains, if the U.K. avoids a hard Brexit.… http://www.kbrfx.com/daily-market-update/2019/03/04 Mon, 04 Mar 2019 09:36:39 +0000 Confidence in sterling grows as banks take no-deal risk off the table. Sterling confidence has grown, as fears of crushing out of the EU turns toward expectations for a deal or delay. with Theresa May having seen off a lawmaker unrest by promising a series of Parliament votes just weeks before the exit date. Sterling has rallied more than 4% this year, as the risk of a no-deal Brexit loomed. With the risk of a no-deal Brexit now most likely off the table by end-March, as well as the… http://www.kbrfx.com/daily-market-update/2019/02/22 Fri, 22 Feb 2019 09:32:20 +0000 Housing market could fall if the UK leaves with No deal. The UK’s over-valued housing market could see a modest correction if Britain leaves the EU without a deal, with London being affected the most. If they fail to find an agreement, then home prices in the capital, which has long been a magnet for foreign investors, may will fall by 3% in the six months after the March 29 split. This will spill over dramatically to the residential market, with London bearing the brunt. In London… http://www.kbrfx.com/daily-market-update/2019/02/22 Fri, 22 Feb 2019 09:20:44 +0000 Housing market could fall if the UK leaves with No deal. The UK’s over-valued housing market could see a modest correction if Britain leaves the EU without a deal, with London being affected the most. If they fail to find an agreement, then home prices in the capital, which has long been a magnet for foreign investors, may will fall by 3% in the six months after the March 29 split. This will spill over dramatically to the residential market, with London bearing the brunt. In London… http://www.kbrfx.com/daily-market-update/2019/02/18 Mon, 18 Feb 2019 11:01:35 +0000 Theresa May looks to the EU to help save Brexit as Ministers rebel over No-Deal. Theresa May will head to Europe in a major diplomatic drive to ask EU leaders to help save her Brexit deal, as she faces a mutiny from Cabinet ministers who want to stop the U.K. leaving without a deal. The PM’s allies believe she has just nine days left to save her strategy before members of Parliament run out of patience, and step in to take over the process in a vote scheduled for Feb. 27. As the clock… http://www.kbrfx.com/daily-market-update/2019/02/18 Mon, 18 Feb 2019 10:03:32 +0000 Theresa May looks to EU to help save Brexit as Ministers rebel over No-Deal. Theresa May will head to Europe in a major diplomatic drive to ask EU leaders to help save her Brexit deal, as she faces a mutiny from Cabinet ministers who want to stop the U.K. leaving without a deal. The PM’s allies believe she has just nine days left to save her strategy before members of Parliament run out of patience, and step in to take over the process in a vote scheduled for Feb. 27. As the clock runs… http://www.kbrfx.com/daily-market-update/2019/02/15 Fri, 15 Feb 2019 11:40:53 +0000 Embarrassing loss for Theresa May.   The prime minister endured an embarrassing defeat in the House of Commons as MPs voted against her approach to Brexit. Theresa May brought a motion forward to reiterate support over the Irish backstop.   She lost the vote by 303-258 after failing to win the support of Tory Brexiteers in the European Research Group (ERG), the result makes it more likely that the UK could leave the bloc with no deal come March 29th.   The Pound fell… http://www.kbrfx.com/daily-market-update/2019/02/15 Fri, 15 Feb 2019 11:24:20 +0000 Embarrassing loss for Theresa May.   The prime minister endured an embarrassing defeat in the House of Commons as MPs voted against her approach to Brexit. Theresa May brought a motion forward to reiterate support over the Irish backstop.   She lost the vote by 303-258 after failing to win the support of Tory Brexiteers in the European Research Group (ERG), the result brings makes it more than likely that the UK could leave the bloc with no deal come March 29th.   The… http://www.kbrfx.com/daily-market-update/2019/02/14 Thu, 14 Feb 2019 13:02:32 +0000 Pound dips below 1.28. Sterling dropped to a 1-month low today to 1.2798 due to political uncertainty and Theresa May is set to lose the vote tonight in the house of commons one more time.   US Retail sales are likely show an increase of 0.1% The Pound fell to $1.2801 after touching 1.279. Sterling fell to 1.136 against the Euro.   Data to look out today.    13:30 USD Retail sales.   CURRENCY PAYMENTS MADE SIMPLE   KBRFX was mentioned in the… http://www.kbrfx.com/daily-market-update/2019/01/15 Tue, 15 Jan 2019 11:38:52 +0000 Sterling could drop off if May loses by more than 100 votes. Sterling could hold its ground if Theresa May’s Brexit deal is defeated in Parliament by 100 votes or less, as the market would then eye the odds of the prime minister seeking a second vote. May’s unpopular pact with the EU will be put to the House of Commons tonight, where she will need most lawmakers to vote favourably for the agreement to be approved. A loss by more than 100 votes could raise risks including a leadership… http://www.kbrfx.com/daily-market-update/2019/01/15 Tue, 15 Jan 2019 11:16:51 +0000 Sterling could drop off if May loses by more than 100 votes. Sterling could hold its ground if Theresa May’s Brexit deal is defeated in Parliament by 100 votes or less, as the market would then eye the odds of the prime minister seeking a second vote. May’s unpopular pact with the EU will be put to the House of Commons tonight, where she will need most lawmakers to vote favourably for the agreement to be approved. A loss by more than 100 votes could raise risks including a leadership… http://www.kbrfx.com/daily-market-update/2019/01/14 Mon, 14 Jan 2019 16:43:32 +0000 Sterling could slip another 3%. Sterling could fall by more than 3% to $1.24 by the end of March even on the most favourable Brexit outcome, the economy will be worse off than if “remain” had won the referendum. Whatever form of Brexit arrangements is finally finalized, even the most market-positive outcomes would leave the economy weaker than we were in May 2016, A senior currency strategist stated. After falling to $1.24, sterling could remain around that level until the… http://www.kbrfx.com/daily-market-update/2019/01/11 Fri, 11 Jan 2019 10:19:17 +0000 Trump could declare national emergency if shutdown talks crumble. President Trump said he is close to deciding on wither or not to declare a national emergency on the southern border, which he visited yesterday despite earlier reservations about taking the trip. Trump warned before leaving the White House, he would take the steps to call a national emergency if talks with Democrats continue to crumble. The President stormed out of a meeting with Democratic leaders on Wednesday, insisting… http://www.kbrfx.com/daily-market-update/2018/12/13 Thu, 13 Dec 2018 10:00:59 +0000 Sterling still faces a rocky road as May's Brexit conflict is far from over. The pound could still be in for rough stretch, even after Theresa May survived a bid to oust her as she seeks to rally support for her Brexit deal. Sterling strengthen the more yesterday in the run to the vote than the whole previous month but has failed to build upon that strength after Conservative Party voted 200 to 117 to keep May as party leader. Given the number of votes that went against her,… http://www.kbrfx.com/daily-market-update/2018/12/04 Tue, 04 Dec 2018 12:07:27 +0000 Pound rises as Brexit process is reversible if article 50 is triggered. Sterling rallied after an adviser to the EU’s top court suggested that Britain should be allowed to reverse its notice to leave the Euro zone. Sterling reversed three days of losses after the non-binding opinion from Sanchez-Bordona of the EU Court of Justice, said “the possibility continues to exist” to annul the article 50 notice until the U.K.’s withdrawal agreement is formally… http://www.kbrfx.com/daily-market-update/2018/12/04 Tue, 04 Dec 2018 11:40:45 +0000 Pound rises as Brexit process is reversible if article 50 triggered. Sterling rallied after an adviser to the EU’s top court suggested that Britain should be allowed to reverse its notice to leave the Euro zone. Sterling reversed three days of losses after the non-binding opinion from Sanchez-Bordona of the EU Court of Justice, said “the possibility continues to exist” to annul the article 50 notice until the U.K.’s withdrawal agreement is formally… http://www.kbrfx.com/daily-market-update/2018/11/29 Thu, 29 Nov 2018 12:11:11 +0000 Sterling could surge to $1.43 if Brexit hurdles are cleared. Sterling could rally to year’s high above $1.43, if Brexit uncertainty is removed. Sterling has fallen 14% against the dollar and 13% against the Euro and 8% to the Japanese yen since Britain voted to leave the EU in June 2016. Yet, any clarity on Brexit remains elusive at this point. While U.K. Prime Minister Theresa May has secured a divorce agreement from the EU, it sparked lawmaker protests and ministerial resignations. A… http://www.kbrfx.com/daily-market-update/2018/11/26 Mon, 26 Nov 2018 11:54:25 +0000 Sterling rises slightly after EU leaders sign off on Brexit deal. Sterling rose after European leaders approved Britain’s Brexit divorce terms at a special summit yesterday in Brussels. The EU approved the deal as expected but warned UK politicians they won’t get a better agreement if they reject it. That may weigh down any sterling gains, given that Theresa May needs to get the deal through Parliament and is facing calls to change it from both her own party and the opposition.… http://www.kbrfx.com/daily-market-update/2018/11/26 Mon, 26 Nov 2018 11:22:41 +0000 Sterling rises slightly after EU leaders sign off on Brexit deal. Sterling rose after European leaders approved Britain’s Brexit divorce terms at a special summit yesterday in Brussels. The EU approved the deal as expected but warned UK politicians they won’t get a better agreement if they reject it. That may weigh down any sterling gains, given that Theresa May needs to get the deal through Parliament and is facing calls to change it from both her own party and the opposition.… http://www.kbrfx.com/daily-market-update/2018/11/23 Fri, 23 Nov 2018 14:18:09 +0000 Sterling jumps as a draft for post-Brexit agreement on free trade and co-operatrion. Sterling jumped up as a draft between the U.K. and EU backed a free-trade pact and close cooperation after Brexit. The pound gained more than 1% to a one-week high after the declaration withdrew any uncertainty about the relationship after the U.K. leaves, its largest trading partner. The statement on futures ties, being negotiated ahead of an EU summit on Sunday to sign off on a Brexit deal, also… http://www.kbrfx.com/daily-market-update/2018/11/22 Thu, 22 Nov 2018 17:14:48 +0000 Sterling jumps as a draft for post-Brexit agreement. Sterling jumped up as a draft between the U.K. and EU backed a free-trade pact and close cooperation after Brexit. The pound gained more than 1% to a one-week high after the declaration withdrew any uncertainty about the relationship after the U.K. leaves, its largest trading partner. The statement on futures ties, being negotiated ahead of an EU summit on Sunday to sign off on a Brexit deal, also makes clear that both sides have are… http://www.kbrfx.com/daily-market-update/2018/11/22 Thu, 22 Nov 2018 16:02:02 +0000 Sterling jumps as a draft for post-Brexit agreement on further relationships. Sterling jumped up as a draft between the U.K. and EU backed a free-trade pact and close cooperation after Brexit. The pound gained more than 1% to a one-week high after the declaration withdrew any uncertainty about the relationship after the U.K. leaves, its largest trading partner. The statement on futures ties, being negotiated ahead of an EU summit on Sunday to sign off on a Brexit deal, also makes clear… http://www.kbrfx.com/daily-market-update/2018/11/21 Wed, 21 Nov 2018 09:43:34 +0000 BOE Governor Mark Carney says sterling’s volatility will continue throughout Brexit struggles. Mark Carney the Bank of England Governor said fluctuations in the value of the pound are here to stay if there’s uncertainty about the direction of Brexit. Speaking for the first time Since Theresa May published her proposed EU withdrawal agreement Carney was addressing U.K. lawmakers. He also said the outlook for monetary policy and interest rates will depend on how Brexit affects supply… http://www.kbrfx.com/daily-market-update/2018/11/20 Tue, 20 Nov 2018 14:58:24 +0000 Sterling looks set to fall further. Sterling could weaken further as markets brace for the possibility of a no-confidence vote in Theresa May’s leadership. As sterling was trying to recover yesterday. The Sun reported that 42 lawmakers have sent letters of no confidence against May, with six more needed to trigger a leadership challenge. Sterling slipped more than 1% last week after several of the PM’s ministers quit in disagreement over her Brexit divorce… http://www.kbrfx.com/daily-market-update/2018/11/20 Tue, 20 Nov 2018 14:10:05 +0000 Sterling looks set to fall further. Sterling could weaken further as markets brace for the possibility of a no-confidence vote in Theresa May’s leadership. As sterling was trying to recover yesterday. The Sun reported that 42 lawmakers have sent letters of no confidence against May, with six more needed to trigger a leadership challenge. Sterling slipped more than 1% last week after several of the PM’s ministers quit in disagreement over her Brexit divorce… http://www.kbrfx.com/daily-market-update/2018/11/15 Thu, 15 Nov 2018 10:39:12 +0000 Sterling falls even after Brexit deal as May faces risk of Tory rebellion. Sterling weakened even after Theresa May’s top team signed off on her Brexit draft deal, as fears grew of a rebellion from within her own party. Sterling fluctuated between gains and losses as the political drama played out yesterday evening amid lingering doubts over whether the deal will get through Parliament. It reversed Thursday’s early advance as the U.K. premier also faced the threat of further resignations… http://www.kbrfx.com/daily-market-update/2018/11/15 Thu, 15 Nov 2018 10:01:36 +0000 Sterling even after Brexit deal as May faces risk of Tory rebellion. Sterling weakened even after Theresa May’s top team signed off on her Brexit draft deal, as fears grew of a rebellion from within her own party. Sterling fluctuated between gains and losses as the political drama played out yesterday evening amid lingering doubts over whether the deal will get through Parliament. It reversed Thursday’s early advance as the U.K. premier also faced the threat of further resignations… http://www.kbrfx.com/daily-market-update/2018/11/01 Thu, 01 Nov 2018 14:14:47 +0000 The pound rose as reports that the Banks are to get EU access after Brexit. Sterling strengthened after the Times reported Brexit negotiators have provisionally agreed to give U.K. financial services firms continued access to the EU markets after Britain leaves. The pound rose by as much as 1.1% as the prospect of a full Brexit agreement was seen reducing economic uncertainty. That is bringing forward expectations for an interest-rate hike next year, just before the BOE announces… http://www.kbrfx.com/daily-market-update/2018/10/30 Tue, 30 Oct 2018 09:42:56 +0000 Pound still under pressure after the Budget. Sterling is drifting lower against the U.S. Dollar but remains steady against the Euro after markets opted to delay until after Brexit. Phillip Hammond announced to Parliament that U.K. economic growth forecasts for 2019, reports that wage growth should be expected over the coming five years; this is a good indication for Sterling long-term. The UK economy isn't that bad, and the reduced Brexit uncertainty could be a powerful boost for sterling… http://www.kbrfx.com/daily-market-update/2018/10/25 Thu, 25 Oct 2018 08:55:51 +0100 Pound slides to six-week low as Theresa May addresses lawmakers. Sterling weakened to a six-week low yesterday just Theresa May was due to meet Tory lawmakers, some of whom have discussed ousting her in anger at her Brexit negotiations. The PM is seeking to win over lawmakers in her own party who oppose her approach to Brexit negotiations, with just over five months before the UK leaves the European Union. The possibility of a leadership challenge and politics scuppering an agreement with… http://www.kbrfx.com/daily-market-update/2018/10/22 Mon, 22 Oct 2018 11:01:28 +0100 UK.politics looks to be the focus again for sterling this week. Domestic politics looks to be the focus for markets as the U.K. fights over how to break the deadlock in Brexit talks. The EU are proposing an extension to the transition period following the UK’s exit in March from the bloc, Theresa May faces opposition to that prospect from her own party.  Sterling could be vulnerable to headlines. Theresa May has managed to unify the Conservative Party, however it’s in… http://www.kbrfx.com/daily-market-update/2018/10/19 Fri, 19 Oct 2018 11:54:47 +0100 Deputy Bank of England Governor warns sterling could be in for a of big fall on a bad Brexit outcome. Sterling could be in for a big drop if the U.K. crashes out of the EU in a disruptive Brexit, according to a deputy governor of the BOE. The pound is being driven by negotiations with the EU, with its current value reflecting several possible outcomes. That means large swings are possible once the outcome becomes known. As talks in Brussels on Wednesday failed to break the deadlock, Theresa… http://www.kbrfx.com/daily-market-update/2018/10/16 Tue, 16 Oct 2018 10:54:34 +0100 Sterling strengthened after wage increase papers overs the growing Brexit uncertainty. Sterling rose after British wages grew at its fastest pace in almost a decade, compensating concerns over Brexit. The pound strengthened as data showed that average earnings in the last three months excluding bonuses rose by 3.1% and unemployment was held at a 43-year low, indicating the economy is operating with little slack. GBP had been weighed down due to the deadlock in Brexit talks, ahead of the EU summit… http://www.kbrfx.com/daily-market-update/2018/10/15 Mon, 15 Oct 2018 08:56:55 +0100 Pound slips as Brexit negotiations hit Stumbling Blocks. The pound weakened after a weekend of intense talks failed to produce a Brexit deal that some market participants thought could be announced this week. Michel Barner the chief Brexit negotiator tweeted “Despite intense efforts, some key issues are still open,” including the backstop for Northern Ireland and the Republic of Ireland to avoid a hard border after a meeting with British counterpart Dominic Raab in Brussels yesterday.… http://www.kbrfx.com/daily-market-update/2018/10/10 Wed, 10 Oct 2018 10:53:47 +0100 Sterling looks set for big rally as Brexit deal advances. Britain is close to reaching a deal on Brexit, which could see a potentially historic increase in the pound. An impending deal is looking more likely. The chances of a no-deal hard Brexit are very low, and a deal in the coming weeks will likely allow the pound to rally. Sterling is very under-valued.  It is still reasonable to view $1.55 as a valid fair value. That would be an 18 % rise from the $1.3139 it traded at this morning.… http://www.kbrfx.com/daily-market-update/2018/10/09 Tue, 09 Oct 2018 10:00:08 +0100 Sterling falls ahead the October EU summit. Sterling started the week on the back foot as progress on Brexit could still turn out to be elusive. Sterling lost almost all last week’s gains against the dollar on yesterday as a spokesman for the Prime Minister said to be cautious ahead of crucial talks. Britain will have to submit a proposal on the contentious Irish border issue by Wednesday to allow EU delegates to begin preparations ahead of a summit later this month, analysis is… http://www.kbrfx.com/daily-market-update/2018/10/04 Thu, 04 Oct 2018 09:16:43 +0100 May prepares to push Brexit deal through parliament. Theresa May’s officials are drawing up plans to push her Brexit deal through Parliament to avoid a rebellion from her own party. The Prime Minister’s team want the final withdrawal agreement approved by lawmakers within two weeks of signing the terms of the divorce in Brussels. Under that timetable, members of Parliament would vote on whether to accept or decline the divorce treaty by the beginning of December. Fast-tracking… http://www.kbrfx.com/daily-market-update/2018/10/04 Thu, 04 Oct 2018 08:45:06 +0100 May prepares to push Brexit deal through parliament. Theresa May’s officials are drawing up plans to push her Brexit deal through Parliament to avoid a rebellion from her own party. The Prime Minister’s team want the final withdrawal agreement approved by lawmakers within two weeks of signing the terms of the divorce in Brussels. Under that timetable, members of Parliament would vote on whether to accept or decline the divorce treaty by the beginning of December. Fast-tracking… http://www.kbrfx.com/daily-market-update/2018/10/03 Wed, 03 Oct 2018 08:49:05 +0100 Pound struggles as a No-Deal or a second referendum looks stronger. The risk of a second referendum or even another general election needs to be taken on board. The biggest headache is still that Britain will crash out of the EU without an economic agreement, with negotiations at a standstill and time running out.  Some analysts see sterling falling almost 8 percent to $1.20 on such an outcome. At its recent annual conference, the Labour Party said it plans to vote against the Prime… http://www.kbrfx.com/daily-market-update/2018/10/02 Tue, 02 Oct 2018 09:19:03 +0100 The pound’s rally is erased as details on Brexit compromise remain bleak. Sterling erased its rally against the dollar as markets looked for more clarity on Theresa May’s planned Brexit offer aimed at resolving the contentious Irish border issue. Sterling loss as much as 0.7% as strategists said May had already hinted last month at a compromise and that she would put forward a plan on how to avoid a hard border with Ireland after Britain leaves the EU. Britain… http://www.kbrfx.com/daily-market-update/2018/10/01 Mon, 01 Oct 2018 10:04:51 +0100 Sterling looks nervous as the Tory conference starts. As the tory party conference kicked off yesterday after the Prime Minister speeches at the previous two annual gatherings prompted a fall in the pound. With the PM facing potential leadership threats and her Brexit stance under intense scrutiny. Theresa May’s position is looking shaky once again. Her so-called Chequers blueprint for Britain’s exit from the EU has been bluntly rejected by both EU leaders and members from… http://www.kbrfx.com/daily-market-update/2018/10/01 Mon, 01 Oct 2018 09:46:11 +0100 Sterling looks nervous as the Tory conference starts. As the tory party conference kicked off yesterday after the Prime Minister speeches at the previous two annual gatherings prompted a fall. With the PM facing potential leadership threats and her Brexit stance under intense scrutiny. Theresa May’s position is looking shaky once again. Her so-called Chequers blueprint for Britain’s exit from the EU has been bluntly rejected by both EU leaders and members from her own party,… http://www.kbrfx.com/daily-market-update/2018/09/28 Fri, 28 Sep 2018 09:25:11 +0100 The possibility of a second Brexit referendum has increased. The labour party voted on Tuesday for a policy that would lead to a new vote, if the Prime Minister failed to get an eventual Brexit deal through the UK Parliament. Jeremy Corbyn is known to be a lifelong Euroskeptic, which propelled Corbyn into power, strongly supports staying in the EU and has forced the leadership's position to evolve. Delegates at the party conference in Liverpool, voted Strongly for a motion that calls… http://www.kbrfx.com/daily-market-update/2018/09/28 Fri, 28 Sep 2018 09:04:07 +0100 The possibility of a second Brexit referendum has increased. The labour party voted on Tuesday for a policy that would lead to a new vote, if the Prime Minister failed to get an eventual Brexit deal through the UK Parliament. While it briefly rallied against the dollar and the Euro, Data showed unemployment benefit claims fell by 8,600 in July, following an increase of 900 in June. It was predicted a gain of 9,000 in what the first official numbers since the Brexit referendum were. Jeremy… http://www.kbrfx.com/daily-market-update/2018/09/21 Fri, 21 Sep 2018 08:50:47 +0100 May promises new brexit offer after a hard EU summit. Theresa May guaranteed fresh plans to break the stalemate in Brexit negotiations after EU leaders openly rejected her blueprint and warned that time is running out for striking a deal. The two-day summit in Salzburg, Austria, broke up without any progress, and leaders increased more pressure on the PM to reform her stance. Britain will need to make more concessions next month if there is to be a special summit in November to sign the divorce… http://www.kbrfx.com/daily-market-update/2018/09/20 Thu, 20 Sep 2018 10:42:27 +0100 Pound strengthens to a two-month high, Even as Brexit Deal ‘Far Away. Sterling continued its gains to a two-month high, as U.K. retail-sales data and broad dollar weakness, even amid signs a Brexit compromise remains far away. The pound increased to earlier gains this week as data showed U.K. retail sales unexpectedly rose in August compared to July. Sterling rallied today even though leaders from both sides in the Brexit talks appeared to have struck a harder… http://www.kbrfx.com/daily-market-update/2018/09/19 Wed, 19 Sep 2018 11:02:46 +0100 Inflation in the U.K. unexpectedly rose. Inflation in U.K. unexpectedly rose to a six-month high in August, boosted by the cost of theatre shows, computer games, transport fares and clothing. Annual consumer-price growth increased to 2.7% from 2.5 % in July it was expected to come in at 2.4 %. The spike came mainly from the recreation and culture sector, where prices surged up by 3.6%, the most since 2010. This was balanced out from furniture prices, auto fuels and mobile-phone charges.… http://www.kbrfx.com/daily-market-update/2018/09/17 Mon, 17 Sep 2018 10:49:22 +0100 Sterling encouraged by gains against the Euro. Sterling has increased by about 2% after reaching its weakest level against the Euro in almost a year last month, as growing optimism that the two sides in the Brexit talks are committed to signing a deal by November. Analysts see sterling rising even more, as the U.K. and EU work toward finding a way to break the current deadlock. This week could see more Brexit-driven volatility, as European affairs ministers meet to discuss Brexit tomorrow, following… http://www.kbrfx.com/daily-market-update/2018/09/17 Mon, 17 Sep 2018 10:32:26 +0100 Sterling encouraged by gains against the Euro. Sterling has increased by about 2% after reaching its weakest level against the Euro in almost a year last month, as growing optimism that the two sides in the Brexit talks are committed to signing a deal by November. Analysts see sterling rising even more, as the U.K. and EU work toward finding a way to break the current deadlock. This week could see more Brexit-driven volatility, as European affairs ministers meet to discuss Brexit tomorrow, following… http://www.kbrfx.com/daily-market-update/2018/09/12 Wed, 12 Sep 2018 10:49:12 +0100 Hopes of a Brexit deal are supporting the pound. Sterling came close to a three-year low against the Euro even after Britain’s employment market showed signs of endurance following the UK’s decision to quit the EU. Many analysts see any further BOE policy tightening have cooled in recent weeks following August’s quarter-point interest-rate increase, with the next hike not fully priced in until the end of 2019. The strong data supported the BOE’s… http://www.kbrfx.com/daily-market-update/2018/09/12 Wed, 12 Sep 2018 10:23:59 +0100 Hopes of a Brexit deal are supporting the pound. Sterling came close to a three-year low against the Euro even after Britain’s employment market showed signs of endurance following the UK’s decision to quit the EU. Many analysts see any further BOE policy tightening have cooled in recent weeks following August’s quarter-point interest-rate increase, with the next hike not fully priced in until the end of 2019. The strong data supported the BOE’s… http://www.kbrfx.com/daily-market-update/2018/09/06 Thu, 06 Sep 2018 09:03:10 +0100 Sterling jumps as Britain & Germany are to drop key Brexit demands. Sterling rallied after the British and German governments were said to have abandoned key Brexit demands to potentially lighten the path for the U.K. to strike up a deal with the EU. GBP shook off its earlier weakness to soar toward $1.30. Germany is ready to accept a less detailed agreement on the U.K.’s future ties with the EU in a bid to get a Brexit deal done, while the U.K. is also willing to settle for a vaguer… http://www.kbrfx.com/daily-market-update/2018/09/03 Mon, 03 Sep 2018 09:09:47 +0100 Sterling could face months of volatility. The next few months could be a roller-coaster a for the pound. Sterling’s volatility left analysis scratching their heads last week, as Michel Barnier the Chief EU Negotiator promise to offer the U.K. an unprecedented partnership which sent the pound soaring more than 1% even though he had said it before. With both sides warning of the risk of no deal, the markets are going to become increasingly sensitive to Brexit headlines. While a no deal… http://www.kbrfx.com/daily-market-update/2018/08/30 Thu, 30 Aug 2018 08:44:57 +0100 Pound rises to a 3-week high as EU chief negotiator says a unique deal on Brexit. Sterling rallied above $1.30 as analysis became more optimistic on the chances of a Brexit deal before the U.K. exits the EU in March. Sterling rose to its strongest level in three weeks as the chief negotiator Michel Barnier, said the EU was prepared to offer Britain an unprecedented partnership, different from that with any third country. This could be the best, even though it’s early days. … http://www.kbrfx.com/daily-market-update/2018/08/29 Wed, 29 Aug 2018 14:08:31 +0100 Pound Slips as May Comments Fuel Concerns About No-Deal Brexit. The Pound fell against the euro for a fifth day in a row after Theresa May refreshed the fears of a no-deal. GBP was set for its fourth monthly loss against the Euro as many analyses grow increasingly concerned by the prospect of Britain leaving the EU without a pact on their future relationship. With seven months to go until the Britain’s departure, May said that the UK can still make a success of… http://www.kbrfx.com/daily-market-update/2018/08/22 Wed, 22 Aug 2018 10:22:45 +0100 U.K. manufacturing increases on pound weakness Manufacturing in the U.K. is benefiting from a weaker pound. As the overall growth cooled off slightly in August, output and orders increased at a pace above the long-term average. Exporters, helped by the fall in sterling since the Brexit vote, are doing especially well. Export orders remained strong. Manufacturing increased in 13 sectors out of 17, with food, drink and tobacco giving the biggest boost to growth. The Bank of England unanimously… http://www.kbrfx.com/daily-market-update/2018/08/21 Tue, 21 Aug 2018 11:34:05 +0100 Sterling may have weakened but some analysts are hopeful. Sterling has fallen by more than 4% in the last three months, propelling analysts to slash predilections, as fears that Britain could fall out of the EU without an economic deal. Still, however some analysts are keeping faith, that the two sides will reach an agreement by year-end. Sterling is on track for a 5th straight drop and touched a 14-month low of $1.2662 earlier this month, with a series of buoyant U.K. economic reports doing… http://www.kbrfx.com/daily-market-update/2018/08/20 Mon, 20 Aug 2018 11:47:59 +0100 Rate of inflation accelerates. The rate of inflation in the U.K. increased for the first time in eight months in July, boosted by the cost of fuel, travel tickets, computer games and food. Consumer-price growth for the year increased to 2.5% from 2.4% in June. The BOE predicted that inflation would rise to 2.6% in July before falling back down as the effect of sterling’s post-Brexit decline fades. BOE raised interest rates this month to harness price pressure in the labour market… http://www.kbrfx.com/daily-market-update/2018/08/08 Wed, 08 Aug 2018 08:36:30 +0100 Sterling falls to its lowest level Since November against the Euro on fears of a No-Deal.   Sterling fell to its lowest level against the euro in almost nine months as a feeling that the U.K. could end up leaving the EU with no agreement for future economic ties. The weakened for the third day in a row against the Euro. Liam Fox the international trade secretary said over the weekend that the risk of a no-deal Brexit had increased to as much as 60%. Sterling weakness against the… http://www.kbrfx.com/daily-market-update/2018/08/06 Mon, 06 Aug 2018 11:27:51 +0100 Sterling will look to U.K. data in hope to revive it. The decreasing pound may need a bolt of positive U.K. data to help it recover from its losing run against the dollar. Analysis will hope that data due out this week will give evidence of a strong economy and will help boost the pound. Sterling fell below $1.30 for the first time in seven weeks.  Many see Mark Carney’s comment that a chance of a no-deal Brexit was “uncomfortably high. Analysis will turn their attention… http://www.kbrfx.com/daily-market-update/2018/08/06 Mon, 06 Aug 2018 10:49:18 +0100 Sterling will look to U.K. data in hope to revive it. The diseasing pound may need a bolt of positive U.K. data to help it recover from its losing run against the dollar. Analysis will hope that data due out this week will give evidence of a strong economy and will help boost the pound. Sterling fell below $1.30 for the first time in seven weeks.  Many see Mark Carney’s comment that a chance of a no-deal Brexit was “uncomfortably high. Analysis will turn their attention… http://www.kbrfx.com/daily-market-update/2018/08/03 Fri, 03 Aug 2018 10:32:58 +0100 Pound Slumps After Bank of England Raises Rates. Sterling fell after the Bank of England failed to convince markets of a brighter economic outlook. The BOE surprisingly voted unanimously to raise the benchmark interest rate by 25 basis points to 0.75% and suggested further increases. Still, sterling fell to its lowest since July 20 as carney signalled the pace of further hikes would be gradual and markets questioned the rationale for tighter policy when the U.K.’s exit from the European… http://www.kbrfx.com/daily-market-update/2018/07/18 Wed, 18 Jul 2018 10:54:26 +0100 Pound falls to a 10-Month Low. Sterling fell to its weakest level in 10 months as U.K. inflation unexpectedly held steady, making many analyses cautious on the case for an imminent rate hike. Consumer prices rose 2.4% in June from the previous year, less than the 2.6% expected. This has increases the feeling that the BOE will increase the benchmark rate. Sterling is caught in a battle between expectations that the central bank will tighten and political turmoil that has surrounded Theresa May’s… http://www.kbrfx.com/daily-market-update/2018/07/17 Tue, 17 Jul 2018 09:45:36 +0100 Volatile Politics Could See Pound Break Out. Sterling remains volatile as political drama continues to dominate. Theresa May’s fate looks on the line over her Brexit plans and the August Bank of England meeting coming closer. The political backdrop in the U.K. could well determine the market, as the government is faces tough choices on whether to extend the Brexit process or even hold a fresh referendum. Sterling looked vulnerable after the PM’s Brexit plan created a revolt from… http://www.kbrfx.com/daily-market-update/2018/07/10 Tue, 10 Jul 2018 11:15:09 +0100 Pound weakens as resignations increases doubts about May's survival. Sterling fell as Foreign Secretary Boris Johnson’s resignation leads to many asking the question if Theresa May will face a leadership challenge. Sterling loss its gains after Boris, who was the face of the campaign to exit the EU, followed Brexit Secretary David Davis in stepping down over disagreements about the PM’s strategy for leaving the bloc. If a move by lawmakers to try ousting… http://www.kbrfx.com/daily-market-update/2018/07/02 Mon, 02 Jul 2018 11:47:52 +0100 Pound boosted by Data, but Still on track for worst Quarter Since 2016. The pound rallied against the dollar on better than expected U.K. economic data. Sterling gained the most since March after data showed that growth had picked up in the first quarter from previous three. The positive data increases the case for an interest rate hike by the BOE as early as August.  Many analyses are now expecting a 65% chance of a hike in August, compared with 61% on Thursday. Sterling has fallen to an… http://www.kbrfx.com/daily-market-update/2018/06/20 Wed, 20 Jun 2018 09:34:17 +0100 Pound weakens as commons vote on Brexit and BOE Decision. Sterling touched a fresh seven-month low against the dollar today ahead of a second vote on Parliament getting a say on a final Brexit deal with the EU. GBP fell for a third straight day after a similar vote in the House of Lords saw the government defeat. If they vote in favour of Parliament having a “meaningful vote” it could impact Theresa May’s political future and how Brexit negotiations… http://www.kbrfx.com/daily-market-update/2018/06/20 Wed, 20 Jun 2018 09:07:16 +0100 Pound weakens as commons vote on Brexit and BOE Decision. Sterling touched a fresh seven-month low against the dollar today ahead of a second vote on Parliament getting a say on a final Brexit deal with the EU. GBP fell for a third straight day after a similar vote in the House of Lords saw the government defeat. If they vote in favour of Parliament having a “meaningful vote” it could impact Theresa May’s political future and how Brexit negotiations… http://www.kbrfx.com/daily-market-update/2018/06/18 Mon, 18 Jun 2018 11:08:44 +0100 Political upheaval could be a key factor for the pound. Sterling will begin this week on the back foot as it faces a political upheaval amid the Conservative Party’s ongoing internal battle over Brexit. As we are still awaited a decision on whether the Parliament gets a say on the final deal to leave the EU, sterling will likely be sensitive to the outcomes of a vote in the House of Lords today and another in the Commons Wednesday. The focus will than return to monetary policy on Thursday,… http://www.kbrfx.com/daily-market-update/2018/06/08 Fri, 08 Jun 2018 08:39:57 +0100 Germany manufacturing Production fell.   Manufacturing production in Germany unexpectedly fell in April, continuing a run of poor economic news from Europe’s largest economy. A fall of 1% in output, along with a shock decline in factory orders reported earlier this week, indicates a moderate pace of growth in the second quarter. Exports has also fallen 0.3% in April, while in France, industrial production also declined. The sterling strengthened 0.2% against the Euro after the… http://www.kbrfx.com/daily-market-update/2018/06/01 Fri, 01 Jun 2018 11:07:55 +0100 Pound Slides to This Year's Low as Brexit to Italy Risks. The pound falls to the lowest levels against the dollar this year. Apart from the data, the U.K. will go into the next round of Brexit talks against a backdrop of euro-zone turmoil as Italy’s populist coalition pushes ahead with an agenda that’s at odds with the EU.  In the UK backbench members of parliament are said to be preparing for an Autumn election as they anticipate defeats on… http://www.kbrfx.com/daily-market-update/2018/04/27 Fri, 27 Apr 2018 09:16:57 +0100 U.K. Economy slows as snow has Impact. The British economy recorded its worst performance since the end of 2012 in the first quarter as snow hit retail sales and disrupted building work, although the overall effect of the weather was limited. Growth slowed to 0.1% from 0.4% in the final three months of 2017, worse than the 0.3% that had been expected. GDP grew 1.2% from the previous year, also the least since 2012. The figures increased speculation that the BOE will forgo from raising interest rates… http://www.kbrfx.com/daily-market-update/2018/04/25 Wed, 25 Apr 2018 10:02:03 +0100 Pound falls as the possibility of Britain remaining in the customs union. The pound’s recent slip may be a bit wishy washy that Britain could stay in the customs union after Brexit. Sterling has fallen by almost 3% against the dollar since touching a post-Brexit vote high on April 17, as a May interest-rate increase seems more likely. The U.K.’s exit from the European Union is often seen as a risk for sterling, hopes of a softer Brexit could salvage the pound from its… http://www.kbrfx.com/daily-market-update/2018/04/19 Thu, 19 Apr 2018 09:18:09 +0100 Pound is halted by slowing Inflation. In just three days, the possibility of two rate hikes this shaken up. Sterling fell yesterday as inflation slowed to the weakest level in a year, and wage growth came in slower than expected on Tuesday. A hike in May is still almost fully priced in the market, a second hike in 2018 has fallen. This means sterling isn’t looking as strong. GBP is more likely to fall back to $1.40 in the next month from around $1.42 now, instead of rising… http://www.kbrfx.com/daily-market-update/2018/04/17 Tue, 17 Apr 2018 09:30:28 +0100 British Businesses do not want a second Brexit Vote. Many UK businesses have been opposed to the split from the EU, as they have more to lose from the divorce. But as a group of lawmakers tries to engineer a second referendum, business leaders are hesitating. As it prolongs the uncertainty. A vote on the final divorce deal that the Prime Minister brings back from Brussels later this year is gaining traction. In two recent polls have shown that there may be popular support for a vote on the terms… http://www.kbrfx.com/daily-market-update/2018/04/16 Mon, 16 Apr 2018 11:33:35 +0100 Pound rises and benefit from Geopolitical. Sterling rose last week as Donald Trump’s tweets along with the March European Central Bank has weakened the dollar and euro. This week, many analyses are saying the pound could continue to benefit from global geopolitical tensions, although U.K. data may pull it in the opposite direction. Sterling is looking pretty good, although it does have to get through the U.K. earnings and CPI data in the coming week. These are perhaps the most important… http://www.kbrfx.com/daily-market-update/2018/04/11 Wed, 11 Apr 2018 09:32:14 +0100 U.K. Manufacturing output decreases for first time in nearly a year U.K. manufacturing fell for the first time in 11 months in February, led by output of machinery and equipment. Factory production fell 0.2% since January, when output was unchanged. Overall industrial production rose smaller-than- predicted of 0.1% as a harsh winter and below-average temperatures increased demand for energy. It ends a remarkable run for manufacturers that has helped to support the economy as the squeeze… http://www.kbrfx.com/daily-market-update/2018/04/10 Tue, 10 Apr 2018 10:36:40 +0100 U.S.-China talks halted over tech industry. Trade talks between the US and China broke down last week after the Trump administration demanded that China take steps to cut back support for high-tech industries, a person familiar with the situation said. China vice premier Liu He who is overseeing economics and finance, told a group of officials that Beijing had rejected a U.S. request to stop subsidizing industries related to its “Made in China 2025” initiative. The U.S.… http://www.kbrfx.com/daily-market-update/2018/03/29 Thu, 29 Mar 2018 07:48:23 +0100 Pound Finds Friends Amidst Europe's Funds at Brexit Mid Point. Its half way for Brexit and some of Europe’s top funds are still struggling to find a reason to buy the pound. Twelve months after the U.K. triggered the two-year process to leave the EU. The two sides have not got to talking on trade and that’s encouriging to maintain a short position on sterling. The expectation of The Bank of England could increase the interest rates as early as May helped the sterling… http://www.kbrfx.com/daily-market-update/2018/03/28 Wed, 28 Mar 2018 08:27:50 +0100 There’s a Year Until Brexit. Britain’s retailers have been particularly exposed to the slump in sterling, which pushed up sourcing costs for an industry that heavily dependent on imports. The noticeable rise in food prices also hit consumer spending power. That came at a challenging time as wages increased and the sales shifted from stores to online. But the U.K. has a plan set for when to leave the customs union that could… http://www.kbrfx.com/daily-market-update/2018/03/28 Wed, 28 Mar 2018 08:06:05 +0100 There’s a Year Until Brexit. Britain’s retailers have been particularly exposed to the slump in sterling, which pushed up sourcing costs for an industry that heavily dependent on imports. The noticeable rise in food prices also hit consumer spending power. That came at a challenging time as wages increased and the sales shifted from stores to online. But the U.K. has a plan set for when to leave the customs union that could… http://www.kbrfx.com/daily-market-update/2018/03/27 Tue, 27 Mar 2018 07:50:12 +0100 Pound Climbs Above $1.42 as Labour Seeks to Prevent Hard Brexit The pound has increased for the second day, going above $1.42 as the U.K. labour party said it was looking for an amendment to key Brexit legislation to restrict Britain leaving the EU without a deal being done. The pound gains 0.6% to $1.4212, it strengthens 0.1% to 87.32 pence per euro, news that Labour will table amendments to the EU withdrawal bill to nullify a hard Brexit, it means less chance of a hard Brexit if parliament reject… http://www.kbrfx.com/daily-market-update/2018/03/26 Mon, 26 Mar 2018 08:49:49 +0100 Pound Rally May Lose Momentum After Recent Run of Positive News The pound’s recent rally makes it vulnerable to a pullback. Last week saw the currency’s peak since January, as the U.K. agreed a Brexit transition deal and the Bank of England continued expectations of a May interest-rate hike. With this week will attempt to drive the currency, the pound could be buffeted by global factors, such as from a U.S.-China trade war. One-week unpredictability on the pound-dollar… http://www.kbrfx.com/daily-market-update/2018/03/26 Mon, 26 Mar 2018 08:08:17 +0100 Pound Rally May Lose Momentum After Recent Run of Positive News  The pound’s recent rally makes it vulnerable to a pullback. Last week saw the currency’s best performance since January, as the U.K. agreed a Brexit transition deal and the Bank of England maintained expectations of a May interest-rate hike. With little on the calendar this week to drive the currency, the pound could be buffeted by global factors, including from a U.S.-China trade war. One-week… http://www.kbrfx.com/daily-market-update/2018/03/23 Fri, 23 Mar 2018 08:48:42 +0000 BOE Keeps Interest Rate Unchanged  The Bank of England moved closer to raising interest rates as early as May after keeping the benchmark unchanged on Thursday. The Monetary Policy Committee voted 7-2 to hold the rate at 0.5%. Policy makers wanted an immediate increase, arguing that slack in the economy has been used and wage growth is accelerating. The pound jumped to an intraday high against the dollar and the strongest since June against the euro. It then lower gains to trade little… http://www.kbrfx.com/daily-market-update/2018/03/22 Thu, 22 Mar 2018 10:23:48 +0000 Pound Naysayers Turn Believers for Now After Brexit Transition The positive news that buoyed the pound this week is persuading even some bears to switch sides. Deutsche Bank AG and MUFG have abandoned their short-term bearish views on sterling, which has rebounded above $1.40 after the much-awaited Brexit transition deal released on Monday and the latest jobs data has shown faster wage growth. After month of negotiation, the U.K. and the European Union reached an agreement this week… http://www.kbrfx.com/daily-market-update/2018/03/22 Thu, 22 Mar 2018 10:08:59 +0000 Pound Naysayers Turn Believers for Now After Brexit Transition The positive news that buoyed the pound this week is persuading even some bears to switch sides. Deutsche Bank AG and MUFG have abandoned their short-term bearish views on sterling, which has rebounded above $1.40 after the much-awaited Brexit transition deal released on Monday and the latest jobs data has shown faster wage growth. After month of negotiation, the U.K. and the European Union reached an agreement this week… http://www.kbrfx.com/daily-market-update/2018/03/22 Thu, 22 Mar 2018 09:23:06 +0000 Pound Naysayers Turn Believers for Now After Brexit Transition The positive news that buoyed the pound this week is persuading even some bears to switch sides. Deutsche Bank AG and MUFG have abandoned their short-term bearish views on sterling, which has rebounded above $1.40 after the much-awaited Brexit transition deal released on Monday and the latest jobs data has shown faster wage growth. After month of negotiation, the U.K. and the European Union reached an agreement this week… http://www.kbrfx.com/daily-market-update/2018/03/21 Wed, 21 Mar 2018 09:42:22 +0000 Inflation growth slows more than predicted. Inflation in the UK fell more in February than had been expected as the impact of the pound’s post-Brexit referendum slide decreased. Consumer prices rose 2.7% from last year, down from 3% in January. Analysis are predicting an increase of 2.8%, the core inflation rate gained 2.4%. The central bank is expected to raise rates as early as May among signs of strengthening domestically generated price growth. Many economists see a 9-0 vote… http://www.kbrfx.com/daily-market-update/2018/03/20 Tue, 20 Mar 2018 09:27:21 +0000 Pound’s Gain on Brexit Transition Deal Agreement May Be Capped The pound gained 1% and as Brexit negotiations confirmed a transition deal has been reached, after analyst the currency’s medium-terms are likely to be limited. GBP continued to rise above $1.40 to the highest in a month, as the EU, said Brexit talks had reached a “decisive step” along with that a large proportion of the final exit treaty has been settled. David Davis ahead of an EU summit this… http://www.kbrfx.com/daily-market-update/2018/03/16 Fri, 16 Mar 2018 09:40:53 +0000 Pound could be in for big moves. Sterling’s next big move could just around the corner as Brexit negotiations come up, but which way it will sway depends entirely on the result. The biggest challenge faced is the possibility of the U.K. and the EU failing to secure a Brexit transition deal and decisions at next week’s EU summit could be vital.  Sterling has been steady at levels near $1.40 since early February and hasn’t changed much against the euro over the… http://www.kbrfx.com/daily-market-update/2018/03/14 Wed, 14 Mar 2018 15:16:20 +0000 Hammond tries his best to conceal a gloomy U.K. Outlook. Philip Hammond tried his best to talk up the U.K. economy.   The U. K’s Brexit transition should end by 2021, but the government’s budget watchdog lowered its growth forecast. Britain may still be paying money to the EU for decades to come, well into 2060. The chancellor is likely to anger votes after eight years of austerity, but Hammond lacks the means to be able to ease the pain. Also, the Conservative Party… http://www.kbrfx.com/daily-market-update/2018/03/14 Wed, 14 Mar 2018 15:05:54 +0000 Hammond tries his best to conceal a gloomy U.K. Outlook. Philip Hammond tried his best to talk up the U.K. economy.   The U. K’s Brexit transition should end by 2021, but the government’s budget watchdog lowered its growth forecast. Britain may still be paying money to the EU for decades to come, well into 2060. The chancellor is likely to anger votes after eight years of austerity, but Hammond lacks the means to be able to ease the pain. Also, the Conservative Party… http://www.kbrfx.com/daily-market-update/2018/03/12 Mon, 12 Mar 2018 10:14:02 +0000 Brexit talk cool as the focus turns to Fiscal Policy. Sterling hardly moved last week on Brexit speeches by the chancellor Philip Hammond and EU President Donald Tusk. Hammond will be in the spotlight this week for a different reason, the focus switches to the U.K. fiscal policy. He will update the nation on his plans in the Spring Statement. Brexit is not hitting the headlines as much as there is a growing sense that Brexit won’t be solved anytime soon.  So the focus has switched… http://www.kbrfx.com/daily-market-update/2018/03/09 Fri, 09 Mar 2018 10:34:32 +0000 U.K. Industry Output Jumps Amid Oil Rebound, Record Factory Run U.K. industrial production had its largest monthly increase in more than a year in January. Increase of 1.3% from December came as factory output rose for a ninth consecutive month and oil production bounced back after the reopening of a key North Sea pipeline. Manufacturers boost comes from a synchronized global upswing and in January they increased output by 0.1, the data show, the strongest sectors were transport equipment, machinery,… http://www.kbrfx.com/daily-market-update/2018/03/08 Thu, 08 Mar 2018 09:40:50 +0000 EU Rejects U.K. Trade Demands. The EU rejected the U.K.’s bid to keep access to bits of the single market in particularly for the banks they said that they don’t share May’s goal of making a success of Brexit.  EU President Donald Tusk described as May’s “pick and mix” approach. While the EU said it wants tariff-free and quota-free trade for goods, it said services can only be included with restrictions I fully understand,… http://www.kbrfx.com/daily-market-update/2018/02/19 Mon, 19 Feb 2018 12:01:38 +0000 This week may be make or break for the pound as speculation that the BOE will raise rates in May.   Pound’s strength may be driven this week by economic data that could determine whether the BOE will raises interest rates by May. As U.K. employment figures are scheduled for Wednesday, it is expected that wages have increased and is likely to push the pound higher as it pushes inflation beyond the post-Brexit level. GDP figures due on Thursday are expected to an increase of…