Sterling/Dollar Traded Above 1.27
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Sterling, UK, Uncategorised
- February 2, 2017
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Sterling rose to trade above $1.27 for the first time in seven weeks against the dollar, as investors awaited a Bank of England quarterly report that is expected to upgrade its growth and inflation forecasts. The central bank will probably try to avoid adding to speculation about a first interest rate hike in nearly a […]
READ MOREUK GDP Better Than Forecast
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, EUR, Prime Minister, Sterling, UK
- January 26, 2017
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Sterling hit a six-week high against the dollar and hit a three-week high against the euro this morning, This was after data showed Britain’s economy kept its robust momentum in the final three months of 2016, again wrong-footing expectations that the vote for Brexit would rapidly take a toll on growth. It is, however, still […]
READ MOREMay Must Get Parliament Approval For Brexit Negotiations
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Referendum, Retail Sales, Sterling, UK, Uncategorised
- January 24, 2017
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The Supreme Court ruled this morning that Prime Minister Theresa May must get parliament’s approval before she begins Britain’s formal exit from the European Union. The UK’s highest judicial body dismissed the government’s argument that May could simply use executive powers known as “royal prerogative” to invoke Article 50 of the EU’s Lisbon Treaty and […]
READ MOREThursday is key for the Euro
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Referendum, Retail Sales, Sterling, UK, Uncategorised
- December 6, 2016
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The euro held steady near a 3-week high today while bets on market volatility stayed close to their highest since June’s Brexit vote ahead of this week’s European Central Bank meeting due to give new guidance on its quantitative easing programme. Other major currency pairs were all trading in a tight range after a rollercoaster […]
READ MOREPound gains across the board this morning
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, EUR, GBP, Inflation, Retail Sales, Sterling, UK
- December 1, 2016
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Sterling held firm this morning, having recorded its best month of gains against the dollar since March and its best month against the euro since 2009. This morning the Purchasing Managers Index dipped to a four-month low of 53.4 from 54.2 in October, remaining above the 50-mark dividing expansion from contraction. Economists had forecast a […]
READ MOREBudget drives sterling higher
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK
- November 24, 2016
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Sterling surged to a 10-week high against the euro and resisted the dramatic falls against the dollar suffered by other major currencies after a UK budget read as doing more than had been expected to bolster growth in years to come. At the heart of the sterling rally was a rocketing of long-dated gilt yields […]
READ MOREPound boosts after positive Retail Sales this morning
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Retail Sales, Sterling, UK
- November 17, 2016
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British retail sales surged in October, as colder weather boosted clothing sales and supermarkets cashed in from Halloween, lifting annual sales growth to its highest in more than 14 years. This morning; official data reinforce the robust picture of health given by British consumers since June’s vote to leave the European Union, even if the […]
READ MOREUK Economic data strong – Pound stays weak due to Brexit
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- November 2, 2016
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Sterling hit a two-week high against a dollar weakened by worries about the U.S. presidential election next Wednesday, as investors waited for construction sector data for the latest clues on the health of the British economy. The battered pound has recovered almost 1 percent this week, boosted by the news that Bank of England Governor […]
READ MORECarney 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 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 […]
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