SGM-FX insights

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

Morning Brief – Monday 3rd

Morning Brief – Monday 3rd

SGM-FX Mon 3 Dec 2018

The Big Four:   Riots across Paris this weekend by protect group gilets jaunes have wrought havoc across the city, seeing an emergency meeting called by the French President Emanuel Macron upon his return from the G20 Summit in Argentina. Despite not being significant enough in order to move the currency adopted by some 340m+ […]

Morning Brief – Friday 30th

Morning Brief – Friday 30th

SGM-FX Fri 30 Nov 2018

Back to the Future:   The last trading day in November reflects a calmer end to a frenetic week both economically and politically and nowhere more so than in the UK where news headlines have been dominated by Westminster and Brussels rather than IACGMOH and hot favourite Harry Redknapp.   However, for those who think […]

Morning Brief – Thursday 29th

Morning Brief – Thursday 29th

SGM-FX Thu 29 Nov 2018

Powell’s Put:     Jay Powell, Chair of the Federal Reserve in the United States, has reignited the debate of monetary policy within the world’s dominant currency. The US Dollar has faced a considerable headwind following the speech by the Reserve bank chief. The Dollar has given back ground to an appreciating Euro, with EURUSD […]

Morning Brief – Wednesday 28th

Morning Brief – Wednesday 28th

SGM-FX Wed 28 Nov 2018

National Interest:   In a busy afternoon for global central banks, currency markets have been highly volatile. Perhaps the most significant publication of this afternoon was the Bank of England’s economic assessment upon monetary and financial stability given certain possible Brexit outcomes. The much-awaited publication responding to the House of Commons Treasury Committee attested to […]

Morning Brief – Tuesday 27th

Morning Brief – Tuesday 27th

SGM-FX Tue 27 Nov 2018

Wobbly Trump:   The White House has changed direction once again, lashing out at China and Brexit in one foul swoop. Attacking Brexit, Trump said that the deal is not a good deal for the United Kingdom; instead, it favours the European Union, prejudicing British trade and independence. Drawing from dubious foundations, Trump also noted […]

Morning Brief – Monday 26th

Morning Brief – Monday 26th

SGM-FX Mon 26 Nov 2018

Deal!   Brexit news has not been hard to come by this weekend. Numerous speeches from the UK Prime Minister, Theresa May, both in Brussels and in Westminster today, have shed a lot of light on Brexit. However, one thing that has been clear for weeks remains transparent; getting the (now agreed) deal through UK […]

Morning Brief – Friday 23rd

Morning Brief – Friday 23rd

SGM-FX Fri 23 Nov 2018

Brace, Brace:   As Thanksgiving gives way to Black Friday, markets have been particularly thin, allowing for considerable volatility within the world’s major currency pairs. The considerable swings in the US Dollar this afternoon could have been a result of limited US trade today, constraining the available supply of US Dollars, however, is more likely […]

Morning Brief – Thursday 22nd

Morning Brief – Thursday 22nd

SGM-FX Thu 22 Nov 2018

Ambitious, Broad, Deep and Flexible:   We’ve heard the words before. Now they’re in the right place. Theresa May in the past has levied criticism at the European Union for a lack of ambition within Brexit relations, refusing to think outside of the box of incumbent treatises to facilitate a post-Brexit relationship between the United […]

Morning Brief – Tuesday 20th

Morning Brief – Tuesday 20th

SGM-FX Tue 20 Nov 2018

Stock Check:   The US Dollar has been the major out-performer of the day, driven by a significant selloff in US equities. All major US stock market indices have closed in the red, with technology stocks leading the dive during the overnight Asian session. Household stock names including Apple suffered immense losses during the premarket […]

Morning Brief – Monday 19th

Morning Brief – Monday 19th

SGM-FX Mon 19 Nov 2018

Brexit Bears:   The Pound continued to dive during Friday’s US session, with the Pound trading just shy of 0.89 pence per Euro. As leaders of both major political parties in the UK participated in televised debates, further light was elucidated upon the Brexit deal. Around midday, Sterling took a considerable dive through, momentarily dipping […]

Morning Brief – Friday 16th

Morning Brief – Friday 16th

SGM-FX Fri 16 Nov 2018

Picking up pennies: The Pound has recovered from yesterday’s woes. However, a fragile 0.2% appreciation on the day offers Sterling markets little commiseration with EURGBP and GBPUSD both trading slightly below the mid-point of their medium-term range. The Pound received a good bid following a confirmation from The Times that Michael Gove will not resign from May’s Cabinet […]

Morning Brief – Thursday 15th

Morning Brief – Thursday 15th

SGM-FX Thu 15 Nov 2018

Rudolph: 2018 has hit rock bottom for the Pound, with the largest intraday losses so far this year. Whether the floor ends up being a stable footing from which to begin to recover will be discovered over the coming days, however, as far as today’s European session is concerned, Sterling has failed to catch a […]

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