Finally, the frantic negotiations have been concluded and the so-called "deal" (Withdrawal Agreement) between the UK and the EU has been agreed. Sterling performance did not disappoint - rising to 5 month highs against the Euro and the US Dollar. The deal was announced by way of tweet from Prime Minister Boris Johnson: “We’ve got a great new deal that takes back control – now parliament should get it done on Saturday so we can move on to other priorities.” And therein lies th

There were extraordinary scenes in dealing rooms across the world yesterday when, Sterling, which has been sliding perilously downwards, suddenly got a new lease of life. This astonishing, upward shift in the currency came after news that PM Johnson and Irish PM Varadkar, had released a joint statement saying they could "potentially see a path to a deal." It almost fully reversed the three weeks's worth of losses in less than two hours; and by close of business today was trad

Yesterday's September UK Services PMI report saw the closely-watched gauge of services sector activity drop to 49.5, its lowest level since March. This disappointed expectations of the measure staying above the key 50-mark, which distinguishes an expanding economy from contracting one. As a result, all three UK PMIs are now below 50. This is has not been seen since the immediate aftermath of the EU referendum result in July 2016. Ahead of today’s US payrolls report and Fed Ch