Market News

The common currency Euro moved lower during London trade on Tuesday after the latest economic report out of Germany underscored investors' fears of a widening slump within the Eurozone.

Global investors were trading cautiously in advance of the Brexit vote on Tuesday, as traders seemed to focus more on the vote than earnings reports, which usually take center stage.

The Pound Sterling remains close to a 7-week peak on hopes that the Prime Minister's last-ditch attempts to gain support for her Brexit proposal will be sufficiently successful to push through on tomorrow's vote

Weak data about China’s exports in December 2018 shook global stock markets on Monday and pointed to continuing weakness in the country’s economy in 2019.

This week will see some key activity, with central bank testimony from the ECB and the Bank of England, as well as important data releases primarily concerning the British Pound and the crucial Brexit vote, and G20 meetings at the end of the week on Thursday and Friday.

The US Dollar lost momentum versus its major rivals during Asian trade today, after the Chairman of the Federal Reserve Bank reiterated that the central bank's policy would continue to be of a wait-and-see nature.

The Pound Sterling came under pressure against the greenback and Euro on speculation that the Prime Minister will face a challenge from the Labour Party in a general election vote.

The U.S. dollar was struggling on Thursday after the release of Federal Reserve minutes which showed that the U.S. central bank may pause its interest rate tightening agenda this year.

The Pound edged higher during London trade on Wednesday on news that the Prime Minister was focusing her efforts on the Democratic Unionist Party (DUP) of Northern Island in an attempt to sway crucial votes.

Over 800,000 federal employees have been sidelined by the U.S. government (partial) shutdown that began on December 21 at midnight and has yet to be resolved.

Asian stock markets were broadly higher on Wednesday after Wall Street indexes hit three-week peaks on Tuesday

Though currently lower, the Pound continues to trade close to a 1-week peak versus the US Dollar.

Oil prices were higher on Tuesday, buoyed by renewed trader optimism that the United States will reach a trade deal with China, and by continued production cuts by OPEC and its oil-producing partners.

The Pound Sterling edged higher as FX traders await a Parliamentary meeting which could decide the fate of the Prime Minister's Brexit hopes.

Oil prices were higher during Monday’s Asian trading session after trade talks started up again between Washington and Beijing and traders felt renewed optimism that a deal would be formed.