Currency Analysis & Opinion

Market OverviewIt plays into the British sense of delusions of grandeur when it seems as though a major factor driving risk appetite is the Brexit progress (or lack thereof). Market sentiment has been...

For the second time the government has suffered a heavy parliamentary defeat on PM May’s Brexit deal, with the meaningful vote seeing 391 against and 242 for. While the margin of the defeat at...

The pound enjoyed one of its strongest days in recent history yesterday amid optimism that progress was finally being made on Brexit and that the prospects of a no-deal exit was diminishing, after the...

Sterling rode the proverbial Brexit rollercoaster on Tuesday, seeming to settle somewhere between the day’s optimistic highs and realistic lows. Pulling back from its midday nadir, once...

Tuesday brings another reminder to traders that Brexit complacency is inadvisable. Short-term sterling implied volatility has surged to end-January highs, massively destabilising the spot. And the...

The UK parliament votes later today on Prime Minister Theresa May’s latest version of a Brexit deal. She was able to obtain some last minute concessions from the EU that boosted the pound this...

Global equities have extended yesterday’s gains, along with U.S futures, as the broad risk-on attitude across markets continues.Treasuries prices are under pressure and the ‘big’...

After a rough week, where the main event was Draghi’s dovish speech, the single currency has been trading on a firmer footing and erased partially losses.Since last Friday, EUR/USD rose more...

The pound enjoyed one of its strongest days in recent history yesterday. Investors grew optimistic that progress was finally being made on Brexit and that the prospects of a no-deal exit was...

Having achieved the unlikely feat of securing last minute concessions from the EU on the Irish backstop issue, PM Theresa May is back in Britain today for a crucial Brexit vote in Parliament. MPs are...

Here we go. On Day 1 of a potential hat-trick of Commons votes, Theresa May has attempted to put her best foot forward, the PM claiming to have secured legally binding changes to the withdrawal...

Market OverviewBrexit negotiations have reached a peak this week. UK Prime Minister May’s trip to Strasbourg late yesterday has seemingly been fruitful as she has declared that the EU has...

Optimism takes over. Sterling is the big winner among G10 currencies as traders appear convinced that a breakthrough in Brexit talks is happening.EUR/GBP is trading at ranges not seen since May 2017...

Daily FX Market Roundup March 11, 2019Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Nothing is more important this week than the Brexit votes on Tuesday, Wednesday and possibly...