US News

Yesterday, Theresa May delivered a speech to outline details of the government’s plan for Brexit. The shape of the plan is built around 12 principles for a clean Brexit and included a call for the UK to leave the single market, avoid the EU’s immigration rules and being subject to the European court of justice. […]

Today, Theresa May will attempt to calm fears of Sterling’s volatility, stating she wants a global UK. Lancaster House is the venue for investors to keep a keen eye on proceedings. Theresa May will be looking to state a ‘clean’ Brexit and seek trading agreements not only with the EU, but other surrounding national counter-parties. […]

Reflecting off of the two main market movers currently, Brexit and the US presidential election, we saw a much more risk adverse week last week in line with some steady Sterling negativity. The recent headlines and comments from the UK has increased concerns over the UK’s Brexit strategy while we head into negotiations with the […]

This morning, markets focused on from China where December trade numbers were released a few hours ago. Trade data disappointed as Chinese exports fell 7.7% in 2016 and imports fell 5.5%; a fall which was somehow cushioned by a weaker yuan. The news will raise fears that global demand is slowing in Europe and elsewhere. […]

Meanwhile, across the pond in the US, markets were keenly focussed on President elect Donald Trump’s press conference. His speech was mostly centred around healthcare and intelligence issues, and the only mention of note for financial markets was a hint at a proposed border tax on companies leaving the UK. The Greenback continues to gain […]

According to the World Bank, a tentative pickup in the global economy this year is at risk from the political uncertainty unleashed by Brexit and the arrival of Donald Trump in the White House. They stated that 2016 has been the weakest year for the global economy since the deep recession of 2008-2009. With global […]

As predicted, food sales across the UK rose by 1% year on year in December, as consumers cared not for Brexit, but for spending money over the festive period. With inflation set to move closer to the 2% marker, prices are set to increase. Morrison’s and Aldi are already profiting from cheaper prices than the […]

Over in the UK, the Bank of England had to admit that they got it wrong about Brexit when they predicted a sharp downturn. Yesterday buoyant service sector showed that the UK economy continues to defy expectations of a Brexit slowdown. The activity index printed at 56.2 and rose to its highest level in 17 […]

Yesterday, Eurozone Inflation figures surprised onlookers, as figures revealed 1.1%, its highest in over three years. With November’s marker of 0.6% a higher price in energy, consumer consumption and tobacco sectors were seen as the driver. Mario Draghi has longed for inflation to be at 2% and his target of 2018-19 could be beaten if […]

The pound lost ground yesterday, following surprise news that the EU ambassador Sir Ivan Rogers had resigned. In his resignation letter, he took a swipe at Government plans, stating a need to challenge ‘ill-founded arguments and muddled thinking’. Rogers was due to step down in November after serving a 4-year term, and was also part […]