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Expert market insight and updates to help you navigate the ever changing global currency markets.
Ebury acquires Prime Financial Markets and establishes presence in Africa
Ebury acquires South Africa-based firm specialising in advisory & intermediary services in treasury and financial markets space
Trump claims trade deal ‘close’, but offers no new details. Johnson extends his lead in the polls, UK inflation numbers out this morning.
Pound retreats from new highs after Farage election announcement. Investors keep a close eye on Trump’s feelings towards the US-China trade war.
Dollar bounces back on economic optimism, higher yields. The Bank of England delivered a dovish surprise, with 2 dissenters to keeping the rate steady.
Optimism surrounding the striking of a possible US-China trade deal swept through financial markets on Thursday, lifting risk assets and triggering a reversal in recent safe-haven flows.
Safe-havens gained, while emerging market currencies sold-off on Wednesday on expectations that the yet to be ratified ‘phase one’ trade agreement between the US and China may have to wait until December before signed off.
Hopes that US President Trump could be ready to roll back some of the tariffs he imposed on China as part of the ‘phase one’ trade deal helped boost the dollar against the safe-haven currencies on Tuesday, as did an increase in US Treasury yields.
Markets take a breath after frantic few days of news. Investors attention turns to the Bank of England quarterly Inflation Report on Thursday.
US Dollar sells off amid improved global sentiment. The UK has set the date for a general election in the hopes of reaching a Brexit solution.