Market Overview

29 March 2019 10:57

Maria Gregoriou

Today would have been the day that Britain left the European Union (EU), but with an extension being granted and Brexit power being seized over by the British parliament, the final leave day seems to be somewhere in our future. For these reasons the fate of Brexit is still uncertain, and the Pound exchange is taking a hit. After MPs rejected eight possible Brexit solutions yesterday, the Pound fell heavily, and things worsened after the government announced that another vote is planned to take place today.
13 February 2019 09:19

Maria Gregoriou

New Zealand’s official cash rate, as reported in the monetary policy statement released by the Reserve Bank of New Zealand, has remained unchanged at 1.75 percent. This rate is expected to stay at this level through 2019 and 2020, according to the report. The statement also revealed that employment is near its maximum sustainable level, but core consumer price inflation remains below the two percent target mid-point.
Market Focus
  • German GDP unexpectedly rose in the third quarter
  • UK retail sales unexpectedly fell in October
  • Eurozone: GDP up by 0.2% and employment up by 0.1% in third quarter
  • Bundesbank: Domestic economy will probably continue to provide momentum

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.