SGM-FX insights

Discussion and Analysis by Grace Gliksten:   This article discusses the implications of Catalonia’s independence referendum over the weekend. Following a period of considerable Euro strength, the political uncertainty threatens to halt its gains and shroud the Eurozone economy within doubt.   Falling somewhere between a centrist and a social democrat, Carles Puigdemont started his […]

Discussion and Analysis by Charles Porter:   In theory, the Conservative Party Conference taking place in Manchester could boost the Pound Sterling. This is because it is an opportunity to bring all Conservative Party MPs and Ministerial Cabinet Members together and provide a coherent and harmonious vision of their leadership intentions. However, the content, disorder […]

Discussion and Analysis by Charles Porter:   It is indisputable that this weekend’s referendum in Catalonia generates considerable headline risk within Europe. The instability, uncertainty, and political risk within the Spanish economy has reflected within nationally sensitive equities and indicators. However, the purchasing power of the Euro, its exchange rate vis-à-vis other currencies, appears to […]

Discussion and Analysis by Charles Porter:   Hawkish monetary policy rhetoric has enveloped financial markets, and particularly currency markets, over the past couple of weeks. High volatility has prevailed, even within the most developed currencies. The Bank of Canada was the exclusive major developed economy to have ‘walked the walk’, and raise interest rates earlier […]

Discussion and Analysis by Charles Porter:   Hawkish monetary policy rhetoric has enveloped financial markets, and particularly currency markets, over the past couple of weeks. High volatility has prevailed, even within the most developed currencies. The Bank of Canada was the exclusive major developed economy to have ‘walked the walk’, and raise interest rates earlier […]

  Our Foreign Exchange Specialist, Charles Porter, speaks with London School of Economics Associate Professor, Dr. Waltraud Schelkle. Regarding Brexit, we discuss how the passing of the German election may accelerate progress within negotiations as well as the possibility, acceptability and likelihood of a Second EU referendum within the UK.    Understanding the Brexit process, including the rate of progress […]

Our Foreign Exchange Specialist, Charles Porter, speaks with London School of Economics Associate Professor, Dr. Waltraud Schelkle. Regarding Brexit, we discuss how the passing of the German election may accelerate progress within negotiations as well as the possibility, acceptability and likelihood of a Second EU referendum within the UK.                  […]

Discussion and Analysis by Charles Porter   Today our social media interactions indicated an uptake in hedging options including the use of forward contracts. Specifically, corporations concerned about their exposure to import markets and international firms vulnerable to payroll and exchange transactions are seeking insure against downside risk and exchange rate fluctuations. The present uptake […]

Discussion and Analysis by Charles Porter   Today our social media interactions indicated an uptake in hedging options including the use of forward contracts. Specifically, corporations concerned about their exposure to import markets and international firms vulnerable to payroll and exchange transactions are seeking insure against downside risk and exchange rate fluctuations. The present uptake […]

Discussion and Analysis by Charles Porter:   Today holds considerable upside potential and downside risk within major currency pairs. Before our publication of a week in review and week ahead report, this article guides you though this tumultuous Friday and weekend. The events covered include North Korea’s supposed threat and Theresa May’s speech in Florence: […]

  Discussion and Analysis by Charles Porter:   The South African Reserve Bank held interest rates steady following today’s September Committee meeting. The Bank held the repurchase rate at 6.75% despite an equal division within the Monetary Policy Committee.   Three members preferred an unchanged stance and three members preferred a 25 basis point reduction. […]

  Discussion and Analysis by Charles Porter:   Foreign exchange markets were eagerly awaiting yesterday evening, 19:00 BST. At this time, the highly anticipated Federal Open Market Committee was scheduled to publish their decisions regarding the United States’ (US) monetary policy. The Fed’s decision to normalise their heavy balance sheet was unanimous. The gradual withdrawal […]