British factory output recorded its biggest annual fall
- Posted by Shyam Gokani in Uncategorised
- May 11, 2016
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Sterling slipped against the euro and dollar this morning, with investors worried that the latest polls still show Britons who want to leave the European Union at a referendum in June neck-and-neck with those who want to stay. The pound had fallen some 7 percent between mid-November and mid-April, when it made a substantial recovery […]
READ MOREWill the Bank of England cut interest rates?
- Posted by Shyam Gokani in Uncategorised
- May 10, 2016
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Sterling steadied this morning after hitting a two-week low against the dollar on opinion polls showing the outcome of June’s referendum on European Union membership was on a knife edge. Short-term market interest rates now price in a substantial chance of a Bank of England cut by the end of the year, a reflection of […]
READ MORESterling drops further against the US Dollar
- Posted by Shyam Gokani in Uncategorised
- May 9, 2016
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Sterling fell to a two-week low against the dollar on Monday, hurt in part by an opinion poll that showed the race between those who want to stay in the European Union and those who want to leave is still on a knife edged. A YouGov opinion poll for ITV television showed the “In” campaign […]
READ MOREPoor week for Sterling
- Posted by Shyam Gokani in Uncategorised
- May 6, 2016
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The dollar slipped against a basket of currencies on Friday but stayed on track for weekly gains as investors readied for April’s U.S. non-farm payrolls report. A survey showed economists expect U.S. payrolls to have risen by 202,000 in April after increasing by 215,000 in March. A weaker-than-expected report this week has tempered market expectations […]
READ MORESterling steady after two days of losses
- Posted by Shyam Gokani in Uncategorised
- May 5, 2016
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Sterling steadied this morning, having suffered two days of losses, with investors awaiting a key services sector report for more clues on the economy which appears to be stumbling just months before a vote on Britain’s future in the European Union. The pound has lost ground this week, retreating from a four-month high struck on […]
READ MORELatest brexit polls show neck & neck
- Posted by Shyam Gokani in Uncategorised
- May 4, 2016
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Sterling slipped again this morning, having recorded its biggest one-day fall against the dollar for six weeks in the previous session after a poll showed the campaign for Britain to leave the European Union neck-and-neck with the campaign to stay in. The poll helped drive down the pound by about 1 percent versus the greenback, […]
READ MOREUK Manufacturing PMI falls – 3rd May 2016
- Posted by Shyam Gokani in Uncategorised
- May 3, 2016
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Sterling retreated from four-month highs against the dollar early this morning after data showing that U.K. manufacturing activity contracted for the first time in over three years in April, adding to gloom over the outlook for second quarter growth. GBP/USD was last at 1.4712, still up 0.26% for the day after rising as high as […]
READ MOREEuro GDP stronger than expected
- Posted by Shyam Gokani in Uncategorised
- April 29, 2016
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Sterling continues to climb versus the dollar, returning towards 12-week highs against a U.S. currency pegged back by expectations that the Federal Reserve is unlikely to raise interest rates any time soon. Gains in the pound were capped, though, after a YouGov poll for the Times showed opponents of Britain’s European Union membership edging into […]
READ MOREPound drops off due to latest polls
- Posted by Shyam Gokani in Uncategorised
- April 28, 2016
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Sterling rose against a weaker dollar on Thursday, advancing towards 12-week highs against a U.S. currency pegged back by expectations that the Federal Reserve is unlikely to raise interest rates any time soon. Still, gains in the pound are likely to be capped after a fresh YouGov poll for the Times showed that those campaigning […]
READ MOREUK GDP better than expected
- Posted by Shyam Gokani in Uncategorised
- April 27, 2016
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Sterling traded near a 12-week high against the dollar this morning as expectations grew that Britain would vote to remain in the European Union. A preliminary report on first-quarter economic growth releasedthis morning also moved the pound. A poll predicted the report would show the economy grew 0.4 percent in the first quarter and 2 […]
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