Tag: sterling

sterling

And Finally…

I’ll make this quick – it’s my birthday. Something that previous crises have had in common with the current pandemic-driven meltdown (and I am in no way minimising what is easily the most serious threat to the global financial system in some time), is that at the end of it people look back and see […]

In the FICC of It

There is a packed agenda for Galen Stops’ last In the FICC of It podcast as he and Colin Lambert discuss a busy week in FX markets – especially if you’re in the survey business! After Lambert salutes Refinitiv for its gesture in donating brokerage to the Australian bushfire relief effort and Martin Mead on […]

UK to Probe Sterling Move Ahead of BoE Rate Announcement

Security around the Bank of England’s decision making process is once again in the spotlight after sterling jumped 15 seconds before the latest monetary policy announcement was made. Late last year it was revealed that a company was using an audio feed from the Bank’s press conferences post announcement to give traders an advantage over […]

Sterling Jumps on UK Poll – More to Come?

Sterling has had one of its strongest days for several years, climbing almost 3% versus the dollar following the release of an exit poll from the UK general election signalling a large majority for the ruling Conservative Party. Cable jumped to 1.3330 from 1.3170 on the release of the poll, before climbing higher to 1.3510, […]

Liquidity Holds Up Well as UK Exit Poll Surprises

Market sources say that liquidity in FX markets has held up well following the shock exit poll from the UK general election indicating a much bigger majority for the ruling Conservative Party than expected. Cable jumped from 1.3170 to 1.3350 immediately following the poll, but has since climbed steadily to 1.3500, while EUR/GBP fell from […]

And Finally…

I am flying to Singapore and then Hong Kong for our two Asian conferences this week, so this will necessarily be relatively brief – what does the British electorate have in store for us this time and will this UK general election, like so many other votes recently, leave the pollsters with egg on their […]

Markets Over-Estimating GBP Brexit Premium, Say Analysts

Markets might currently be overestimating the amount of Brexit premium left in sterling, argue senior analysts at UBS. “There’s not as much Brexit premium in sterling as people think,” says Arend Kapteyn, global head of economics and strategy at UBS. “A lot of the discussion I have with investors is along the lines of: ‘Sterling […]

The 20 for 20 Countdown – Part Three

It’s been a busy 20 years since Profit & Loss launched. Colin Lambert and Galen Stops have picked out 20 key events or trends during that time and asked senior industry figures for their perspective on them – here’s numbers 10-6. 10. Brexit Putting aside the (ongoing) politics, the night of the Brexit vote showed […]

In the FICC of It

It’s the past, present and future as far as the agenda for this week’s In the FICC of It podcast is concerned as Colin Lambert and Galen Stops take a look at the chaos in the UK surrounding Brexit, digital assets, and the e-revolution that hit FX 20 years ago. Stops is surprised by the […]

Five on Friday: What Happened in Markets This Week

Lizzy Birmingham provides a brief roundup of the major FX moves this week, and the drivers behind each. 1) SNB Upholds Ultra-Loose Policy The Swiss franc was up 0.2% to 1.12127 per euro on Thursday following Swiss National Bank (SNB) president, Thomas Jordan’s, announcement to maintain loose monetary policy. In an interview with Bloomberg, Jordan […]