Sterling hits a 6 month low against the Dollar
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 30, 2018
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The pound fell to a six-month low against a rallying dollar on Tuesday, while it held its own against a euro dragged down by concerns about a deepening political crisis in Italy. Sterling has slumped against the dollar since mid-April as expectations of a Bank of England interest rate rise recede and the economy shows […]
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Euro weakens due to Italy concerns
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 29, 2018
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As the UK and the US return from their bank holiday, liquidity and European political worries dominate the agenda today. The USD remains a safe haven as Italian bond spreads continue to widen. The market will also be listening more closely to the many ECB speakers today to gauge their reaction and thoughts to escalating […]
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UK GDP rises 0.1%
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 25, 2018
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Q1 Gross Domestic Product in the UK increased 0.1% in the second estimate, the Office for National Statistics announced this morning. This is unchanged from 0.1% quarter-to-quarter rise reported in the preliminary estimate. Comparing this to a year ago, the UK GDP increased 1.2% y/y, unchanged from the estimate. Within the structure on Q1 GDP, household […]
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UK Inflation data hurts the pound
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 24, 2018
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Sterling slid yesterday to a new five-month low after weaker-than-expected UK inflation dented the prospect of the Bank of England raising interest rates this year. The pound had been one of the best-performing currencies in 2018 but it has given up all its gains for the year following a broad rally in the dollar and […]
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Brexit negotiations resume today
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 22, 2018
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Today’s UK data releases are the May Confederation of British Industry (CBI) industrial survey which will provide an update on manufacturing. That sector grew much more quickly than the economy as a whole last year, but activity seems to have slowed in early 2018. The deceleration may at least in part have been due to […]
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Sterling worst performing
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 21, 2018
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The Pound and Euro are in a contest to see who the worst performer is today, and right now the pound is edging out the euro by just a tad bit. It’s been all about politics that is weighing on the two currencies today, not helped by technical selling against the greenback too. The euro […]
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Sterling stays strong
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 18, 2018
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Sterling enjoyed a brief rally yesterday after reports that Britain would tell Brussels it was prepared to stay in the European Union’s customs union beyond a Brexit transitional arrangement. Cabinet ministers are deadlocked over a future deal with the bloc. The Telegraph newspaper said Britain would tell Brussels it was prepared to stay in the […]
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Pound gains after positive Brexit news
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 17, 2018
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Sterling rallied more than half a percent to hit a two-day high after a media report that Britain would tell Brussels it was prepared to stay in the European Union’s customs union after a transitional arrangement. Britain will tell Brussels it is prepared to stay in the customs union beyond 2021 as ministers remained deadlocked […]
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Daily Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, David Cameron, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 16, 2018
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Fed speakers continue to leave open the door to raising rates three more times this year if the data starts to accelerate. The US economy continues to perform well, although questions remain over Europe and the UK, which has been the main driver of the USD recently. It will, therefore, be interesting to hear whether […]
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Employment Data Positive
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- May 15, 2018
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British employers hired many more workers than expected in early 2018 but wage growth has yet to accelerate sharply, according to figures that leave the Bank of England still waiting for signs the economy is ready for a rise in interest rates. Employment rose by 197K during the first three months of this year, the […]
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