Archive: June2016

Talks of interest rate cuts and political drama sees the GBP fall

30 Jun 2016
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Andrew Atkins

United States Dollar:
The GBP was trading within its new normal ranges as it has been most the week and then Carney came out confirming that the worst is still unseen. We were reminded of the far reaching consequences of Brexit and the G…

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Has Ma’am Won the People’s Postcode Lottery?

Could Queen be lottery winner?
30 Jun 2016
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Has Ma’am Won the Postcode Lottery? The winning postcode in the Postcode Lottery yesterday was SW1A 1AA – Buckingham Palace itself – and we have until noon today to speculate who might be picking up the prize – could one royally happy lottery winner be The Queen herself? There is a 250 pound prize awaiting, be […]

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Brexit fears ease appetite in equities increases

29 Jun 2016
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Andrew Atkins

United States Dollar:
The GBP seems to be in a strange limbo. The Uncertainty is causing downward pressure but the low rates and recent sell off appears to be driving buying activity. Despite the pessimistic rhetoric that is echoed throu…

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EU Summit Update

29 Jun 2016
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By the end of a difficult day yesterday at the EU summit, there was quail and green bean salad followed by poached veal tenderloin with seasonal baby vegetables to soothe upset stomachs, but the gourmand menu only whetted anxieties and fed insecurities. The talks did not go down so well. There was jeering, sadness, disappointment […]

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Does the Brexit affect my money in the bank?

29 Jun 2016
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Whichever way you voted, the UK has chosen to leave the EU. Amid the aftermath of political unrest, currency exchange fluctuations and general uncertainty we have to consider how the Brexit will affect us personally. Bank stock prices plunged after the EU Referendum result was announced so you may be worried about your savings, wages […]

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Golden Generation Reduce Their Own Pensions with Brexit

retirement
28 Jun 2016
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We all know the result of the EU Referendum last week but how does it affect the only generation that overwhelmingly supported a Brexit? YouGov reported that, whilst the younger generation supported the Remain camp (75% of the 18-24s and 56% of the 25-49s), those approaching or already at pension age voted to exit and […]

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Bargain hunting brings buying interest back to markets

28 Jun 2016
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Andrew Atkins

United States Dollar:
Apparently a 31 year low is as low as the GBP can go. The low of 1.3146 which was reached on the 27th appears to be the floor. As the day progressed the GBP steadily climbed to 1.3412 before a sell off at close of U…

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Political Uncertainty adds to downward pressure on the GBP.

27 Jun 2016
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Andrew Atkins

United States Dollar:
Politicians did all they could yesterday to try to slow the decline of the GBP, but as confident the remarks from George Osborne were, “Britain is ready to confront what the future holds from a position of str…

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UK – EU = Brexit Aftermath

26 Jun 2016
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Andrew Atkins

United States Dollar:
So with all votes counted the result was clear. The British public voted against remaining part of the EU. We saw the GBP plummet against all currencies most notably the USD where we saw a fall from 1.5 to 1.34. The…

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7 causes of dramatic exchange rate fluctuations

24 Jun 2016
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Currency is a high risk and volatile market, and exchange rates can move up or down at any time. The reasons for this fluctuation could be real or speculative. In simple terms, foreign exchange rates change because people’s perceptions change about the goods or services they can get with various currencies. Basically it comes down to […]

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