Market Report – November 202012th November 2020
As the latest American Civil War for the White House reached a conclusion (maybe…), the energy markets reacted cautiously amidst the uncertainty of a future ‘special relationship’ between the UK and USA over key points such as Brexit and a future trade deal, causing prices to increase.
Market Report – January 202021st January 2020
Well, Brexit is going to happen on the 31st January – but what does that mean for the energy markets? The UK has a Brexit transitional period to the 31st December 2020 during which time negotiations with the EU will either result in (As Noel Edmonds would say), deal or no deal!
General Election – How business energy costs may be affected…16th December 2019
With all the main parties’ manifestos featuring heavily on the environment, the BEIS’s Public Attitudes Tracker showed strong public support for renewable generation. Labour also promised to renationalise the ‘Big Six’ energy suppliers to public ownership should it emerge victorious in the General Election…
Market Report – October 201915th October 2019
Well, we have reached the latest precipice in the apparently never-ending Brexit saga; at the time of writing, the EU Council are about to meet to discuss and decide upon the next steps on the latest Brexit deal. The pound is currently trading higher versus both the Euro and the Dollar amid positive signs coming from the EU that a deal proposed by the UK could be approved before the Halloween deadline, but haven’t we all heard this before!
Market Report – September 20193rd September 2019
As the UK steam rollers towards the Brexit deadline, ironically set for Halloween, the announcement that Boris Johnson intends to initiate the Prorogation of Parliament has had little effect on the volatility of the energy markets. This is mainly because the energy markets have been set for ‘no-deal’ for over a year – the money markets are rarely wrong it seems!