SGM-FX insights

Our Daily Brief provides insights into the news and views driving today’s foreign currency exchange rates.

Morning Brief – Wednesday 2nd

Morning Brief – Wednesday 2nd

SGM-FX Wed 2 Jan 2019

Resolutions:     It appears as though the supposed leader of the free world, President Trump, takes New Years’ Resolutions a little too seriously, frantically packing his proposed reforms into the dying days of 2018. Cast your mind back to before the Christmas period. What did we see coming from the White House?     […]

Morning Brief – Monday 31st

Morning Brief – Monday 31st

SGM-FX Mon 31 Dec 2018

Banks: Do what we say (and not what we do) Dollarwise     All those exposed to currency markets whether corporate or private clients need to have a view on where the USD will go in 2019. The consensus from bank forecasters is that the USD will weaken in 2019 and especially in H2 2019 […]

Morning Brief – Friday 28th

Morning Brief – Friday 28th

SGM-FX Fri 28 Dec 2018

Another Brick in the Wall:   The US stock market rallied sharply after the London close last night wiping out the losses and posting a gain of 1.14% on the day. The FTSE has similarly rallied in relief this morning currently up 100 points. So, what is the volatility all about? Rising US interest rates […]

Morning Brief – Thursday 27th

Morning Brief – Thursday 27th

SGM-FX Thu 27 Dec 2018

Chinese Takeaway:     With an absence of liquid London markets and a dearth of political news with President Trump in Iraq, it is a chance to turn to the city of Yiwu in north eastern China. Why and what? This is a city of 1.2 million comparable to our own Birmingham (1.1 million) with […]

Morning Brief – Monday 24th

Morning Brief – Monday 24th

SGM-FX Mon 24 Dec 2018

Ding Dong Merrily:   But not on (a) high: This year has not ended with a traditional Santa Rally and the FTSE has ended the year down 12.12%. Looking on the bright side, a lot better than the Shanghai Composite which was the worst of the major stock markets with a 24.85% decline in 2018. […]

Morning Brief – Friday 21th

Morning Brief – Friday 21th

SGM-FX Fri 21 Dec 2018

Sterling: not just for Christmas       With a collective gasp of relief, Parliament has headed off for the Christmas break to refresh itself for the forthcoming debates and voting slated for January. Currency markets similarly to Parliament have reflected this by regarding Sterling and where it is headed as next year’s problem. Narrow […]

Morning Brief – Thursday 20th

Morning Brief – Thursday 20th

SGM-FX Thu 20 Dec 2018

I got 99 problems… and Brexit will be Won?   Or will it?! The 99 days up until the 29th March 2019, the proposed Brexit date under an unamended Article 50, will each represent a huge challenge to the Pound, and a potential problem with the defiant Prime Minister, Theresa May. The Pound Sterling endured […]

Morning Brief – Wednesday 19th

Morning Brief – Wednesday 19th

SGM-FX Wed 19 Dec 2018

  Di Maio My:   Italy held its general election on the 4th March 2018, with a new and unstable government emerging in the subsequent weeks, populated by the dominant Five Star Movement and The League parties. The teachings of the new coalition were of fiscal profligacy, spending their way out of what they saw […]

Morning Brief – Tuesday 18th

Morning Brief – Tuesday 18th

SGM-FX Tue 18 Dec 2018

Take the Victory!   Fed wobbles, stocks stabilise, and we start from square one once again. President Trump has launch yet another attack at Jerome Powell’s Federal Reserve Bank for its observably hawkish approach to US monetary policy. The reserve bank will meet tomorrow to decide whether to raise its domestic interest rates for the […]

Morning Brief – Friday 14th

Morning Brief – Friday 14th

SGM-FX Fri 14 Dec 2018

Mumma Mia!     This What a week -and before you think I am referring to Theresa May’s shuttle around firstly the UK to sell her Brexit deal and then Europe to sell her Brexit deal (a theme is developing here) I am, but only in part as much else has been happening in Europe […]

Morning Brief – Thursday 13th

Morning Brief – Thursday 13th

SGM-FX Thu 13 Dec 2018

Buying’s Over:   This afternoon’s European Central Bank meeting briefly took attention away from the European Council Summit in Brussels today. In its last monetary policy statement of the year the European monetary authority confirmed that net asset purchases would end, as planned, ahead of 2019. To the detriment of the Euro, ECB President Draghi […]

Morning Brief – Wednesday 12th

Morning Brief – Wednesday 12th

SGM-FX Wed 12 Dec 2018

Santa Claus is coming to Pound:   Yesterday afternoon’s pessimism surrounding the capacity for Theresa May to negotiate any concessions or adjustments in Europe faded into concerns hinting towards the twilight of her premiership itself, the Pound took a tumble. The New York session saw an uncharacteristically large 0.35% wiped off of the value of […]

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