Euro lowers after French Election fears
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 10, 2017
- No Comments
The euro edged lower this morning, pressured by nervousness over the upcoming French presidential elections as investors took stock of recent polls showing a tightening race. The campaign is being closely followed by investors, as one contestant — the far right Marine Le Pen — has threatened to pull France out of the European Union […]
READ MORE
Disappointing UK Data
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 7, 2017
- No Comments
The pound fell against the dollar and euro this morning, after the release of disappointing U.K. manufacturing production data, while investors awaited a key report on U.S. employment due later in the day. The U.K. Office for National Statistics said manufacturing production fell 0.1% in February, compared to expectations for a gain of 0.2% and […]
READ MORE
Euro suffers after Draghi comments
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 6, 2017
- No Comments
Sterling should have a relatively quiet day with no economic data due today. However tomorrow could be a very key day with Industrial and Manufacturing Production, Trade Balance data along with GDP estimate. Finally, with Mark Carney speaking, will he again hint at a UK rate rise? We could see movement in the markets, if […]
READ MORE
Pound gains after strong PMI data
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 5, 2017
- No Comments
Sterling jumped almost half a cent against the dollar on Wednesday after a survey of Britain’s dominant services sector showed activity at a three-month high in March and beating all forecasts in a Reuters poll. The Markit/CIPS Services Purchasing Managers’ Index (PMI), a closely watched gauge of Britain’s services sector, rose to 55.0 in March, […]
READ MORE
Sterling falls against Dollar & Euro
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Sterling, UK, Uncategorised
- April 4, 2017
- No Comments
Sterling slipped against the dollar, euro and yen today, kept under pressure by uncertainty over the terms of Britain’s exit from the European Union and by doubts over how soon the Bank of England will start raising interest rates. For sterling, political risk has been in the driving seat for nine months, with the currency […]
READ MORE
We trigger Article 50 today
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- March 29, 2017
- No Comments
Sterling slipped to an eight-day low against the dollar today, just hours before Prime Minister Theresa May was due to trigger two years of negotiations to take Britain out of the European Union. Nine months after Britons voted to leave, May will notify EU Council President Donald Tusk that the UK really is quitting the […]
READ MORE
What will happen to Sterling once we trigger Article 50
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- March 28, 2017
- No Comments
Sterling traded within a tight range today, outperforming other major peers against the dollar, apparently disregarding Britain’s looming formal launch of negotiations on leaving the European Union. British Prime Minister Theresa May will trigger Article 50 of the EU constitution with a formal notification of Britain’s intent to leave the bloc tomorrow, kicking off a […]
READ MORE
Article 50 will be triggered this Wednesday
- Posted by currencies in Bank of England, Brexit, Currency, EUR, GBP, Inflation, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- March 27, 2017
- No Comments
It seems like a very long time ago that the UK public came out and voted to leave the EU, after all of the issues in the Houses of Commons and in the Supreme Court, finally on Wednesday we will see the PM begin the process of leaving the EU. Last week we did see […]
READ MORE
Pound drops due to Brexit worries
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- March 24, 2017
- No Comments
Sterling fell against the dollar and euro today, retreating from the previous session’s one-month highs, as investors braced for Britain’s beginning the formal process of leaving the European Union next week. An interview with Bank of England policymaker Gertjan Vlieghe in The Times also laid out the argument for the Bank looking through further rises […]
READ MORE
UK Retail Sales better than expectations
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Retail Sales, Sterling, UK, Uncategorised
- March 23, 2017
- No Comments
Sterling hit a one-month high against the dollar this morning, after UK retail sales data came in much higher than expected, soothing worries about weakening consumer sentiment in Britain as it prepares to leave the European Union. Sales volumes in February rose by 1.4 percent from January, beating the 0.4 percent increase forecast by a […]
READ MORE
