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Market Reports

8:59am, December 11th 2019

Sterling rocked by latest opinion poll…

The pound fell last night as the latest major opinion poll suggests a slimmer majority for Boris and the Conservatives. The MRP Times sponsored poll shows a reduced Tory majority from 68 two weeks ago to 28 as of last night. The pound dropped as soon as the fresh information crossed news wires last night at 10pm.

Sterling fell across the board, pushing towards the €1.18 and $1.31 levels against the shared currency and greenback, respectively. This latest development suggests it’s all to play for in the next chapter of UK politics with the big day arriving in less than 24 hours. No doubt the pound will be trading with extra caution across the next 48 hours and will be largely driven by headlines and rumours.

Today sees the latest installment of Fed ‘thinking’ with another monetary policy announcement this evening. It’s highly likely the central bank maintain rates at 1.75% but express a dovish tilt. The announcement arrives tonight at 7pm followed by the press conference with Jay Powell half an hour later.

Written by Viv Savani. 8:59am, December 11th 2019

The details expressed in this market report are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Cornhill International Payments limited accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information.

Previous Reports

7:30am, August 27th 2020

US Dollar Sells Off Ahead Of Powell Speech

View Report
9:02am, September 9th 2020

Brexit Concerns Weigh On Sterling

View Report
8:08am, September 17th 2020

Fed Indicate No Rate Rise For 3 Years

View Report

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