Sterling steadies after May appointment
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- July 12, 2016
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Sterling rose along with UK government bond yields today as the early appointing of interior affairs minister Theresa May as prime minister fed into a generally improved global mood among financial investors. The 1.2 percent rise in the pound against the dollar put it on track for its biggest daily rise since Britain’s vote to […]
READ MORESterling falls further
- Posted by Shyam Gokani in Bank of England, Currency, Dollar, Economy, EUR, Sterling, UK
- July 11, 2016
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Sterling fell this morning, edging back towards last week’s 31-year low against the dollar on expectations that the Bank of England will ease monetary policy in response to Britain’s shock vote to leave the European Union. The BoE, which meets on Thursday, expects the economy to suffer a material slowdown because of the uncertainty caused […]
READ MORESterling steadies but more weakness on the cards
- Posted by Shyam Gokani in Bank of England, Bremain, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- July 8, 2016
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Sterling steadied this morning less than two U.S. cents away from a 31-year low, having put in its worst three-weekly performance since the currency’s 1992 crisis, following Britain’s shock vote to leave the European Union. Most currency pairs were trading in tight ranges ahead of a U.S. non-farm payrolls report due at 1330 – one […]
READ MORESterling stays below 1.30 against US Dollar
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- July 7, 2016
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Sterling steadied on Thursday after two more days of nerves over the fallout of Britain’s vote to leave the European Union drove it below $1.30 for the first time in more than three decades. Analysts and traders remain convinced more weakness in the pound is on the cards, with some predicting a fall to the […]
READ MORESterling takes major hit as markets open today
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- July 5, 2016
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Sterling hit a fresh 31-year low against the dollar in risk-averse markets on Tuesday, as investors worried about the economic and financial fallout of Britain’s vote to leave the European Union. The pound, the asset that has borne the brunt of market concerns about the economic impact of the vote, slid 1.3 percent on Tuesday […]
READ MOREPound volatility continues as no clear outloook
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- July 4, 2016
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Britain’s pound traded flat this morning, rooted just over a cent off last week’s lows against the dollar and threatened by a round of data that may give the first clues to any post-Brexit vote weakening of the UK economy. While June’s PMI surveys of sentiment among company purchasing managers will be largely discounted as […]
READ MOREUK rate cuts ahead!
- Posted by Shyam Gokani in Uncategorised
- July 1, 2016
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Sterling fell today, dragged down by expectations that the Bank of England is likely to ease monetary policy in coming months to cushion the economy from the impact of Britain’s shock vote to leave the European Union. British government bond yields tumbled to record lows, as investors priced in rate cut chances and perhaps more […]
READ MORESterling up – 3 days in a row
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- June 30, 2016
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Sterling climbed for a third day today, but traded in tight ranges as investors waited for new developments on Britain’s shock decision to leave the European Union, which sent the currency to a 31-year low. The pound tumbled almost 8 percent last Friday, the steepest daily decline in the post-1973 floating-exchange-rate era, after the result […]
READ MORESterling gains slightly due to no Article 50
- Posted by Shyam Gokani in Uncategorised
- June 29, 2016
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Sterling rose for a second day this morning, helped by rising stock markets, although lingering concerns over UK growth and investment after Britain’s vote last week to leave the European Union were likely to limit gains. Investors were taking some reassurance from the fact that British politicians were not rushing to trigger the Article 50 […]
READ MOREUK Credit Ratings Cut by S&P and Moodys
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 28, 2016
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Higher-yielding, riskier currencies such as the Australian dollar rose along with sterling on Tuesday on hopes of a more coordinated central bank response to stem steep losses in markets after Britain’s vote to leave the European Union. Safe-haven currencies such as the yen and the Swiss franc, which had gained sharply since last Thursday’s vote, […]
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