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AFEX Market Watch Wed 1st Feb 2017

Also in the news...

Safety and security requirements on imports and exports

Find out about new safety and security declarations that will apply from 1 October 2021 on goods leaving Great Britain (England, Scotland and Wales).

How to open a company in the USA while maintaining residence in Italy

It is one of the best ways for the Italian citizen to manage their business. This corporate vehicle allows access to multiple advantages of an advanced jurisdiction such as the US and also manages to maintain a low tax rate with very manageable levels of accounting and bureaucracy.

UK-ASEAN Joint declaration

Joint Ministerial Declaration on Future Economic Cooperation between the Association of Southeast Asian Nations (ASEAN) and the United Kingdom of Great Britain and Northern Ireland (UK).


These are exciting times for Dubai and the UAE. With the entire business world’s attention soon to turn to the Emirates with the delayed Expo 2020 kicking off in October (and continuing all the way through to the end of March next year) it’s never been a better time to be a UAE business owner

UK Shipping Concierge

The concierge service provides a one-stop shop to help maritime businesses interact with government departments.

AFEX Market Watch Wed 1st Feb 2017

Back to News

GBP - Sterling The Pound had an excellent morning after Manufacturing PMI was released in line with expectations at 55.9 and on the back of a rumour that the BoE MPC vote tomorrow would see four members voting for a rate hike immediately.

  • UK PM Theresa May also announced to parliament that the UK’s Government would release its white Paper on Brexit on Thursday.
  • There was also a leaked report from the EU which concluded that the European Commission’s Brexit negotiators must strike a “workable” deal with the UK to protect the City of London or else the economies of the remaining member states will be damaged. The report said that it is “critical” for the economic health of the remaining member states that the current financial eco-system is not hit in the coming Brexit negotiations.


Execution Rates

GBP/USD: 1.2633

GBP/EUR: 1.1741


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