Market News

An upbeat UK jobs report helped to keep the Pound Sterling near earlier highs, though uncertainty as it relates to the Brexit has kept many investors on the sidelines.

Irish prime minister Leo Varadkar is meeting with the European council president Donald Tusk just ten days ahead of a possible no-deal Brexit.

OPEC and its oil-producing allies cancelled their planned April meeting on Monday, a move which confirmed that the production cuts that began in January will continue until at least June.

The Pound Sterling couldn't maintain momentum and edged lower against the US Dollar on doubts that the Prime Minister will be able to get her Brexit-related amendments Parliamentary approval.

After the European Commissioner for Competition Margrethe Vestager decided to block the Siemens and Alstom merger, the negative reactions, mainly from German and French senior officials and positions, came out swiftly.

Concerns about a global economic slowdown dominated markets on Monday, sending oil prices lower and pushing investors to expect a dovish tone from the Federal Reserve in its statement later this week.

This week is likely to see a very active market, with crucial U.S., British, and Swiss Central Bank input due, as well as another key Brexit vote in the British Parliament which is likely to finally determine whether the U.K. will be leaving the E.U. within the foreseeable future.

The Bank of Japan, as had been predicted in the latest poll, maintained interest rates at the current -0.1%.

After another voting round this Wednesday, the British House of Commons rejected the possibility of leaving the European Union without a deal.

The Pound Sterling couldn't maintain momentum ahead of the latest Parliamentary vote on the Brexit, and slipped against the US Dollar during London trade, falling from a 9-month peak.

Wall Street’s S&P 500 rose for the third consecutive day on Wednesday, buoyed by strong economic data and advances in the tech sector.

The Pound Sterling gained positive momentum after Tuesday's Parliamentary defeat of the Prime Minister's latest Brexit-related proposal.

The British House of Commons will be voting again about a no deal Brexit after they rejected the agreement that the premier Theresa May and the European Union reached.

Gold prices were trading near two-week peaks on Wednesday after the British Parliament voted to reject Prime Minister Theresa May’s Brexit proposal.

The US Dollar and Japanese Yen both fell during Tuesday trading on news of a Brexit negotiation breakthrough which led to FX traders ditching the “safe haven” currencies in favor of higher risk assets.