SGM-FX insights

Discussion and Analysis by Charles Porter:   As markets open this morning, it is apparent that the value of the US Dollar was harmed by Janet Yellen’s remarks during a public conversation with Sir Mervyn King, former Bank of England Governor, last night. Speaking at the NYU Stern School of Business, Yellen painted an opaque […]

Discussion and Analysis by Charles Porter: Sterling markets once again look more robust at market open this morning. While the outcome of yesterday’s 10-strong ’inner’ cabinet meeting has not been made public, and is not expected to become so within the next few weeks, reports coming from media and privileged cabinet ministers are positive. Dominating […]

Discussion and Analysis by Charles Porter: Sterling has received a boost at market open this morning primarily on the back of hearsay. The enduring battle over the Brexit divorce bill continues to weigh on the currency, however, it is reported that the establishment and leadership might be willing to up their offer. The US Dollar […]

Discussion and Analysis by Charles Porter:   The Euro has opened stronger yet again today, continuing its upward surge against the US Dollar. The single currency has gained in excess of 2% against the US Dollar within just one week. The correction following the European Central Bank’s Dovish tapering of quantitative easing now exceeds the […]

Discussion and Analysis by Charles Porter:   The return of data today could see an increase in volatility within many major currencies. The reading of Germany’s third quarter GDP has already provided support to the Euro, with UK inflation data also due this morning. The Pound has carried over the weakness that it incurred during […]

Discussion and Analysis by Charles Porter:   The Pound Sterling dominates the story in foreign exchange markets following the weekend. The potential to induce vote of no confidence in May’s leadership was claimed to be in excess of 80%, with 40, out of a necessary 48, MPs said to have signed their name in support […]

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 […]