Market News

The Pound edged higher during London trade on Wednesday on news that the Prime Minister was focusing her efforts on the Democratic Unionist Party (DUP) of Northern Island in an attempt to sway crucial votes.

Over 800,000 federal employees have been sidelined by the U.S. government (partial) shutdown that began on December 21 at midnight and has yet to be resolved.

Asian stock markets were broadly higher on Wednesday after Wall Street indexes hit three-week peaks on Tuesday

Though currently lower, the Pound continues to trade close to a 1-week peak versus the US Dollar.

Oil prices were higher on Tuesday, buoyed by renewed trader optimism that the United States will reach a trade deal with China, and by continued production cuts by OPEC and its oil-producing partners.

The Pound Sterling edged higher as FX traders await a Parliamentary meeting which could decide the fate of the Prime Minister's Brexit hopes.

Oil prices were higher during Monday’s Asian trading session after trade talks started up again between Washington and Beijing and traders felt renewed optimism that a deal would be formed.

This week will see some key activity, with central bank input due for both the U.S. and Canadian Dollars, as well as important data releases primarily concerning the U.K. and U.S.A.

With global growth worries still putting a damper on market sentiment, the Japanese Yen has only just retreated after earlier moving higher against the US Dollar.

The Japanese Yen has reversed track after a wild ride which had earlier sent it broadly higher during London trade on Thursday.

Apple shares plummeted nearly 8 percent in late trading on Wednesday after the company cut its outlook, and as a direct result, other tech shares sank, setting of another wave of concern among investors.

The new year hasn't provided any relief from worry for Sterling traders who sent the Pound lower, easily reversing some of the recent gains.

Asian trading on the first day of 2019 reflected just how skittish traders are about the state of the current global economy.

All three major stock indexes on Wall Street ended higher on Monday, eking out gains in what still became Wall Street’s worst year since 2018.

In the higher risk asset space, the Aussie Dollar edged higher against the greenback on growing hopes that there will be some progress in the trade discussions between the US and China.