SGM-FX insights

EURgh.     Yet another dry, somewhat lacklustre and wholly uninspiring monetary policy press conference from the European Central Bank’s President Draghi. Eurgh!     During yet another round of disappointment to the long-term normalisation of European monetary policy, Draghi announced that rate setters acknowledged downside risks are growing, with the outlook for short run […]

Golden Week?     After a horrid close to last week with a loss in Sterling totalling some 0.4% on the day, this week has delivered a far brighter fortune to the Pound… so far. Soaring for the third consecutive day and putting Sterling on track for a record-breaking week. Enjoying a staggering 0.6% appreciation […]

It’s in the fine print:     The universe of possible Brexit outcomes now more than ever resembles an outstretched Chinese hand fan. Spanning a spectrum of some 180 degrees from hard Brexit on 29th March 2019 through to its polar opposite, no Brexit at all, the decisions facing the Prime Minister, and increasingly facing […]

B-Day!     The pun above was simply too good to miss. Musing upon its formation ahead of May’s speech before the House of Commons this afternoon its brilliance seemed surpassed only by its malleability and simplicity. Perhaps a pun on the gift giving on one’s day of birth should May’s speech have been a […]

Bah Humbug!     December’s retail sales data has disappointed expectations, encouraging a sell-off in the Pound Sterling throughout today’s trading session. Snapping a near-perfect week of gains for the domestic currency, the Pound traded at times on half of one percent weaker on an intraday basis. The headline figure of house hold goods was […]

EUREKA!   The Pound Sterling has enjoyed and Archimedes-esque Eureka moment. Hopefully, it won’t be caught short running nude through the street to brag to its head of state anytime soon… For the first time in a good while (if not ever) it has been the words of Jeremy Corbyn that kick started the rise […]

May Might Miss March M(deadline):     Sat in the pursuit of a synonym for ‘deadline’ that begins with the letter ‘M’ all for the sake of alliteration, it’s easy to let the tumultuous world of Brexit pass you by. Foreign exchange markets seem just as carefree unable to displace the Pound more than 0.01% […]

THE NOES HAVE IT; THE NOES HAVE IT!     In a dramatic series of events this evening, Theresa May’s conservative government has lost the first pivotal Westminsterial vote on her Brexit deal. Suffering a vote of no confidence as a result of her landslide loss in her government, Theresa May’s government is limping but […]

Pause for Thought:     Markets at the end of the first full week of 2019 have a lot of data and global political risk factors to process and try to make some sense of. Aside from the slew of economic data due out in the UK today, yesterday’s results from the flagship High Street […]

When the going gets tough…     It tends to keep on going! Another glance at the parliamentary arithmetic that Prime Minister Theresa May faces, this time by the BBC, shows just how great a task is standing in front of the British premier next week. As reported last night, the hand of the UK […]

Stock Check:   Pun intended, let’s take a look at how our three biggest headline risks have evolved. Any fall out from our biggest risk, the trade talks in Beijing, was closely watched by markets. As the US delegation travelled back to Washington and murmurings continued in the Chinese capital, the heads of those observing […]

Well, well, well…   What have we here! Scarlet Johansen riding in on a shiny unicorn, big hitters landing in Beijing and German recession. Alright, I admit, the unicorn wasn’t shiny but still, these are three shocking headlines that have each stamped their mark on global foreign exchange markets today.   Prime Minister Theresa May […]