close x

We will now guide you through our setup process. You will be forwarded to our portal to continue the signup process. If you are applying for a business account, please enter the business name. If applying for a personal account, please enter your full name.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.


At least the clocks went forward this weekend. The Brexit process – not so much. We have less than two weeks before we are due to leave. Today a raft of options will be tabled followed by a debate then votes on the options will be held later this evening. Sounds familiar. Will there ever be a majority for the way forward or will have Theresa May’s deal through at the fourth time of asking or will we leave without a deal? We’ll know in the next 12 days. Perhaps.

Sterling has become almost immune to the ebbs and flow of Brexit news. Cable (Sterling/Dollar) has traded from around 1.30-1.33 and Sterling/Euro from around 1.1550-1.1750 recently. However, Sterling may soon either trade significantly lower or significantly higher. If none of the options being voted on this evening get a majority then expect Sterling, technically speaking, to get a good kicking. We may see it fall a few percentage points this evening or rally higher. If our politicians cannot agree on one of the endless options being tabled then the Prime Minister will go again for the fourth time of asking and say “Well, if you can’t agree on anything then it’s either my deal or it’s no deal”. Again, this is all speculative. Sadly, no-one really knows how this is going to end.

The one thing you can guarantee is that if April 12th is the day we are going to leave then Sterling is going to react more aggressively in the next 10 trading sessions.

You can view the recent movements on Cable (Sterling/Dollar) and Sterling/Euro on the graphs below

GBPUSD 01042019.png


GBPEUR 01042019.png


If you have a requirement to purchase USD from Sterling then consider purchasing a percentage of your overall exposure on SPOT or a short dated Forward Contract out till end of April. It gives you some downside protection should the UK leave without a deal. Please contact the trading department for rates of exchange and to discuss margin requirements over the next few weeks. Also, consider implementing take profit orders to take advantage of any upside moves on commentary.

If you need to sell Dollars consider staggering take profit orders to the downside to take advantage of any intraday movements or any sustained directional move on the back of Brexit related news. Please contact the trading department to discuss levels. In terms of news flow for USD this week, ISM Non-Manufacturing (PMI) (Mar) and Non-farm Payrolls (Mar) are the key releases.

In terms of Sterling/Euro, we’re trading in no-mans land at present with a neutral bias. We’re extremely light on Eurozone data releases this week although of course Brexit commentary from European officials will impact GBP/EUR. If you would like to discuss a strategy for your individual requirements for GBP/EUR over the coming weeks please do get in touch with our trading department. They will be able to provide you with expected technical levels and work out a plan that works best for you and ultimately mitigates your currency risk.

If you have any questions on anything please do let me know.

Have a fantastic week.

Written by Liam Alexander

written by

Liam Alexander

Liam Alexander is the CCO at Aston Currency Management.

Subscribe to stay informed


* indicates required

Aston Currency Management will use the information you provide on this form to be in touch with you and to provide updates and marketing. Please let us know all the ways you would like to hear from us:

You can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us, or by contacting us at We will treat your information with respect. For more information about our privacy practices please visit our website. By clicking below, you agree that we may process your information in accordance with these terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.