• Sterling steadier

    Sterling is steadier this morning, having fluctuated quite a bit over the past couple of days. It is trading just above 88p against the euro this morning, and at around $1.3350 against the dollar. Meanwhile, the euro, at a little below $1.18 against the dollar, continues to trade well within the range of $1.15 to $1.21 that has prevailed over the […]

  • Sterling’s gains prove short-lived

    Sterling strengthened on Friday morning following the agreement reached between the EU and the UK in Phase 1 of the Brexit negotiations, rising to under 87p against the euro at one stage. However, its gains proved short-lived and it weakened over the remainder of the day to close out the week trading at 88p (which is where it kicks off […]

  • There’s white smoke!

    There’s white smoke this morning as the EU and the UK reach agreement on the Irish Border issue, allowing the EU Commission to say it is recommending to the EU Council, which meets next week,  that ‘sufficient progress’ has been made in phase one of the Brexit negotiations to move to phase two. The latter will discuss a new EU-UK trading relationship […]

  • Dollar generally firmer

    The dollar is generally firmer, nudging higher on a trade-weighted basis since the end of last week, supported by the near certainty of an interest rate hike next week, the prospect of further increases to come, and the increasing likelihood of a fiscal stimulus (via tax cuts) next year. The US currency is trading just below $1.18 against the euro this morning […]

  • Sterling on the back foot

    The dollar is a touch firmer as House and Senate lawmakers in the US are set to begin working on a compromise tax bill, which they hope to send to President Trump by the end of the year. The euro is currently trading at $1.18 against the dollar while sterling is at just over 88p versus the euro […]

  • Sterling swings about

    Sterling swung about yesterday in line with developments in Brussels. It hit an intra-day high of around 87.5p against the euro in the morning when it looked liked the EU and the UK had reached an agreement on the Irish Border issue, but lost ground again when the agreement fell through, falling to well over 88p Discussions on the Border […]

  • Dollar firmer as US Senate passes tax bill

    The dollar is firmer against the euro this morning after the US Senate passed the Republican tax reform bill over the weekend. It is trading at around $1.1850, having been above $1.19 through much of Friday. European equity markets have responded positively to the news, opening about 1% higher this morning, while bond yields are also edging higher The Senate vote […]

  • Sterling gives up some ground

    Sterling has given up some ground against the euro and the dollar, to trade at 88p and $1.35 respectively this morning. This comes amid what RTE News describes as Brexit Border brinkmanship, as talks continue to find a way forward on the Border issue The euro is trading at just over $1.19 against the dollar, so slightly firmer than it was yesterday morning. Meanwhile, equity markets were mixed, […]

  • Sterling still on the front foot

    Sterling remains on the front foot as relatively positive news continues to emerge in relation to the Brexit talks. It is trading at 88p this morning, having closed out last week at about 89.5p, and at over $1.3650 against the dollar (from $1.33 last Friday) There is talk this morning that the EU and the UK are getting closer to agreeing […]

  • Sterling firmer against euro, dollar

    Sterling has gained ground against both the euro and the dollar on reports that the UK and EU have reached an agreement on the so called ‘divorce bill’. This would help remove an obstacle to the Brexit talks moving on to discussing a new trade arrangement between the two, but progress on the Irish Border issue has still to be made before this can […]