Carney extends BOE stay to 2019
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, Mark Carney, Prime Minister, Sterling, UK
- November 1, 2016
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Sterling hit an almost two-week high yesterday, with expectations of more upbeat news on the economy helping it build on gains after Bank of England Governor Mark Carney said late on Monday he would be staying on until 2019. Criticism from some senior ruling Conservatives and right-leaning newspapers had prompted speculation over the past week […]
READ MOREBig week for the pound
- Posted by Shyam Gokani in Uncategorised
- October 31, 2016
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Sterling slipped below $1.22 on Monday as worries about the fallout from Britain’s vote to leave the European Union outweighed reports that Mark Carney will serve a full term as governor of the Bank of England. After falling more than 6 percent against the dollar since the start of October, the pound was on track […]
READ MORESterling down further despite stronger GDP figures
- Posted by Shyam Gokani in Uncategorised
- October 28, 2016
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Sterling down further today, even though we had stronger-than-expected third-quarter GDP data failing to allay worries Britain’s vote to leave the European Union. Sterling has lost almost a fifth of its value against the dollar since the June 23 vote for Brexit, and there had been worries that the economy would also take an immediate […]
READ MOREEconomy slows but not as much as expectations
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Inflation, Prime Minister, Referendum, Retail Sales, Sterling, UK
- October 27, 2016
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Britain’s economic growth slowed only slightly in the three months after the Brexit vote, official data showed this morning defying warnings of a heavy hit and further diminishing the likelihood of the Bank of England cutting rates next week. The economy grew by 0.5 percent in the July-September period, less rapid than the unusually strong […]
READ MOREUK Rate cut not likely
- Posted by Shyam Gokani in Uncategorised
- October 26, 2016
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Sterling recovered to around $1.22 this morning, having fallen below $1.21 the previous day, as expectations for an interest rate cut next week faded. Bank of England Governor Mark Carney prompted the strengthening by saying in a speech the BoE could not ignore the pound’s “fairly substantial” drop since the vote to leave the European […]
READ MOREWill Mark Carney’s speech help or hinder Sterling?
- Posted by Shyam Gokani in Uncategorised
- October 25, 2016
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Sterling slipped on Tuesday, weighed down by expectations that the Bank of England Governor Mark Carney could flag the possibility of further monetary easing when he speaks later in the day. Carney appears at the House of Lords Economic Committee to discuss the economic consequences of the Brexit vote and he has the potential to […]
READ MORESterling rebounds
- Posted by Shyam Gokani in Uncategorised
- October 21, 2016
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Sterling edged down against the dollar on Friday, hurt by expectations that Britain’s economy is likely to suffer from a hard-line stance by the European Union in negotiations on the country’s exit from the bloc. British Prime Minister Theresa May, who is in Brussels to attend her first EU summit since Britain’s vote to leave […]
READ MORERetail Sales up in last quarter
- Posted by Shyam Gokani in Uncategorised
- October 20, 2016
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British retail sales recorded their strongest quarter of growth since late 2014 in the three months to September, but warm weather and higher prices dented demand for new clothing towards the end of the period. Britain’s statistics agency said consumer sentiment had remained firm since June’s vote to leave the European Union, and that the […]
READ MORESterling on the up
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Prime Minister, Referendum, Sterling, UK
- October 19, 2016
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Sterling slipped back a little after its strongest one-day gains in over three months on a trade-weighted basis, having been boosted after a UK government lawyer said parliament would have to ratify any deal to take Britain out of the EU. Having fallen to a record low last week on worries that Britain would undergo […]
READ MOREUK Inflation surges
- Posted by Shyam Gokani in Uncategorised
- October 18, 2016
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British inflation recorded its sharpest jump in more than two years in September, even without any direct evidence of the weaker pound pushing up prices, official figures showed this morning. Annual consumer price inflation rose to 1.0 percent from 0.6 percent in August, the highest level since November 2014 and the biggest jump from one […]
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