SGM-FX insights

Discussion and Analysis by Charles Porter:   The overwhelming dynamic of the week thus far has been one of relative tranquillity within Foreign Exchange markets. However, today’s events bring the propensity to blow this perception out of the water by providing considerable volatility to markets. Sterling has opened mildly stronger having faced headwinds during yesterday’s […]

Discussion and Analysis by Charles Porter:   Tumult within the UK Cabinet developed with the overnight resignation of Secretary of State, Priti Patel. UK political uncertainty, outside of Brexit, has not, thus far, been reflected within Sterling markets. At market open this morning, the Pound appears moderately stronger, ameliorating some of the losses that yesterday’s […]

Discussion and Analysis by Charles Porter: Consecutive days of gains for the Pound Sterling have been mildly reversed this morning. Trading slightly stronger overnight, the Pound has almost entirely eliminated the gains it made against the US dollar and the Euro at market open this morning. In the medium term horizon, the Pound has suffered […]

Discussion and Analysis by Charles Porter:   Following the modest gains that Sterling made throughout yesterday afternoon, on the whole, Sterling opens mildly stronger. The biggest mover overnight was the US Dollar. In particular, the Dollar has gained ground against the Euro, with the EURUSD currency pair currently trading at its lowest level in over […]

Discussion and Analysis by Charles Porter:   Sterling opened approximately in line with Friday’s close of play but has appreciated throughout the morning so far. Over the weekend, rumours have been debated as to the key element’s of Chancellor Hammond’s forthcoming UK Budget speech. Although a while off, markets will jostle to price in the […]