Temporary Joy Over Brexit Deal

Thursday, 17th October: The pound can’t seem to catch a break after yesterday’s roller-coaster carries on through Thursday. The market jumped to joy too soon on Thursday morning following the announcement that the UK and EU finally came to an agreement. The news sent the pound soaring more than 1.0% higher in the morning at…

Inflation Pauses On Cheaper Fuel

Wednesday, 16th October: Fresh data on hump-day revealed that UK inflation remained still in September at 1.7%, below expectations of growth to 1.8% and identical to August, which is also the lowest since December 2016. One of the culprits stalling inflation was cheaper fuel, which dropped at the fastest rate since August 2016, but the…

Sterling Surges On Brexit Optimism

Tuesday, 15th October: An optimistic outlook on Brexit pushed sterling higher against the dollar on Tuesday, which n turn caused the FTSE to reverse the gains made in the morning session by lunch time. Chief Brexit negotiator Barnier sparked most of this optimism by saying a deal remains possible before the end of this week….

Trade Weighs On Miners

Monday, 14th October: After a mellow start to the day, it didn’t take much time for the blue-chip index to be weighed down by the miners as investors seemed increasingly cautious about the U.S.-China trade deal which on the surface seemed to be on the mend, but doubts increased throughout the morning as it became…

Brexit Bounce Lifts UK Equities as Dart Group Takes off

Friday, October 11: Improved prospects for a Brexit deal saw sterling rally intraday, initially to the detriment of the exporter-led FTSE 100(+0.84%) which gapped lower on sterling strength but flipped back into the green on the back of constructive US-China trade talks. The wave of Brexit related optimism provoked a rare rally in the FTSE…

Dunelm Dumped by Investors as UK Dodges pre-Brexit Recession

Thursday, October 10: Indices in the UK and on the continent closed in the green as optimism took hold of markets on news of high level trade talks between the US and China. Sterling also saw a bounce as discussions between PM Johnson and Irish PM Varadkar indicated a possible Brexit agreement could be reached,…