Currency Updates

Sterling collapses on Dominic Raab resignation, Brexit chaos


terling collapses after Dominic Raab resigns from his post as Brexit minister. Work and Pensions Secretary and 2 junior ministers follow suit.

Written by

Matthew Ryan


Sterling tanks after Brexit minister Raab resigns from post, citing the agreement proposed for Nothern Ireland posed a threat to the UK.
Matthew Ryan 15 Nov 2018

Sterling jumps as draft Brexit withdrawal text agreed. Euro recovers on reports that the Italian government agreed a budget deficit and growth target.
Matthew Ryan 14 Nov 2018

Volatile Sterling touches November lows on Irish border concerns. Euro suffers from Brexit news and soft macroeconomic data.
Matthew Ryan 13 Nov 2018

Dollar marches higher on hawkish Fed, overshadowing doubts over Trump’s ability to push through fiscal stimulus following Midterms.
Enrique Díaz-Álvarez 12 Nov 2018

Hawkish Federal Reserve comments drive US Dollar higher. UK economy grows at fastest pace in 2 years, driven by domestic consumption.
Matthew Ryan 9 Nov 2018

US Dollar recovers ground on lack of election surprises. Any comments from Draghi on monetary policy from Draghi could shift Euro.
Matthew Ryan 8 Nov 2018

What happened in last night’s US midterm elections? Sterling continues to track Brexit news, with a positive reaction from Raab boosting the Pound.
Matthew Ryan 7 Nov 2018

FX market braces for US midterm election results. Reports of an agreement between the UK and EU over an all-UK customs agreement boost Sterling.
Matthew Ryan 7 Nov 2018

Rising hopes for a Brexit deal buoy Sterling as risk assets rally. Attention now turns to the US midterm elections on Tuesday.
Enrique Díaz-Álvarez 7 Nov 2018

How could the US midterm elections impact the FX market? Traditionally not a big market mover, the elections take on new significance this year.
Matthew Ryan 7 Nov 2018

Sterling jumps most in nine months on Brexit news, hawkish BoE claims inflation will stay above the 2% mark for the foreseeable future.
Matthew Ryan 7 Nov 2018

News of possible UK-EU financial services deal sends Pound sharply higher. Eurozone inflation ticks up, markets do not react.
Matthew Ryan 6 Nov 2018

Eurozone economy grows at slowest pace since 2014. Pound continues to tumble on Brexit news as investors eye BoE ‘Super Thursday’
Matthew Ryan 31 Oct 2018

Euro drifts lower on news of Angela Merkel stepping down in 2021. Phillip Hammond budget announcement failed to support the pound.
Matthew Ryan 30 Oct 2018

Global risk sell-off buoys US Dollar. Eurozone PMIs tumble unexpectedly pushing the Euro lower, but the ECB remains unfazed.
Enrique Díaz-Álvarez 29 Oct 2018