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Latest News

"No" to Brexit Deal

Wednesday, January 16, 2019

Parliament delivered a decisive "No" to Theresa May's Brexit deal and the predicted slump in the pound has not materialised, indeed because the possibility of remaining in the EU is still alive, the pound actually rose slightly in value. The defeat had been expected since negotiations with the EU closed in November 2018 and the markets were buoyed by the fact that virtually all of Parliament appears set against a catastrophic no-deal Brexit.

Global Economic Slowdown

Monday, December 31, 2018

Clouds are gathering as many predict 2019 to be the worst year since the global financial crisis.
2018 ended with Trump and the Federal Reserve at odds with each other over interest rates, the US government at shutdown, trade wars were biting hard and stock markets across the world losing most of the year's gains. Precious metals benefited to end the year with healthy gains.

Brexit Deal

Tuesday, December 4, 2018

As uncertainty over the impending parliamentary Brexit deal vote increases, Sterling hit a 17 month low today. Consequently metal prices are beginning to creep upwards as the finance industry prepares itself.

Finance Markets

Friday, February 2, 2018

The finance and currency markets are on a roller coaster right now with the likelihood of a US interest rate rise. Following a very healthy January for the stock markets, the Dow Jones was in meltdown yesterday as it experienced its worst day in history sparking a global sell-off.

On the back of the news last Friday that US wage growth is better than anticipated, the likelihood is that the US Fed will raise interest rates to curb spending. This positive news for the economy means that investors have shifted money from high value stocks and shares to bonds and other investments that will benefit from interest rate rises.

Out of favour metals have been slowly falling in price since the start of the year, and yesterday's small rise was due mostly to the fall in the value of the pound against a strong dollar rather than safe haven tactics.

UK Election

Wednesday, June 14, 2017

Despite the uncertainty caused by the lack of a workable majority gained by the Conservative party in the General Election, metal prices have remained static. The weakening pound and safe haven status could have resulted in a post-Brexit type price rise for metals, but no-one was stirred by the news and it remains business as usual with prices in the summer doldrums.