UK GDP worst since 2012
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 11, 2019
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Britain’s economy slowed as expected in the final three months of last year, pushing growth in 2018 to its weakest in six years, as Brexit worries hammered investment into the UK. Gross domestic product growth in the final quarter of 2018 fell to a quarterly rate of 0.2 percent from 0.6 percent in the previous […]
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BOE sees weakest outlook since 2009
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 8, 2019
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The pound has been volatile this week. It fell further yesterday after the BoE kept interest rates on hold and then strengthened when the central bank said rates will rise if an EU divorce deal is done. That was seen as somewhat hawkish a time when other major central banks have said they will hold […]
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Brexit Chaos Weighs On Sterling
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 7, 2019
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The pound has fallen fell below $1.29 for the first time in more than two weeks as dollar strength prompted traders to move to the side lines before a central bank meeting and growing Brexit uncertainty. With a Brexit deal still not in the bag, the Bank of England’s rate-setters are expected to vote unanimously […]
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Dollar Weakens After Fed Meeting
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, Uncategorised
- January 31, 2019
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The pound steadied this morning as Britain prepared to resume negotiations with the European Union over how to resolve the issue of Irish border arrangements after Brexit. Sterling has strengthened 4 percent this year due to a weaker dollar and expectations that Britain can avoid a no-deal Brexit. Even if May returns from Brussels empty-handed, […]
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Pound Gains After Overnight Losses
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, Prime Minister, Referendum, Sterling, UK, Uncategorised
- January 30, 2019
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Sterling gained again this morning after declines triggered by the UK parliament’s rejection of amendments to delay Brexit, as investors bet the government would still avoid exiting the European Union without an agreed trade deal in place. The pound fell 0.7 percent on Tuesday after lawmakers voted to demand Prime Minister Theresa May renegotiate the […]
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Cooper Amendment Expected To Pass
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- January 29, 2019
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Sterling held well at multi-month highs against the euro and dollar as traders weighed up whether lawmakers would back a key parliamentary amendment that would effectively take a no-deal Brexit off the table. The UK parliament will debate and vote later in the day on Prime Minister Theresa May’s response to the overwhelming rejection of […]
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Sterling Holds On To Gains Ahead Of Vote
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- January 28, 2019
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The pound drifted lower this morning after posting its biggest weekly rise in more than 15 months last week as investors consolidated positions before crucial votes in the British parliament that will aim to break a Brexit deadlock. Lawmakers earlier this month rejected Prime Minister Theresa May’s EU withdrawal agreement, which included a nearly two-year […]
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Sterling Continues Gaining
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- January 23, 2019
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The British currency rose half a percent and neared $1.30 after data showed British workers’ pay grew at the fastest pace in over 10 years. The figures encouraged traders, who believe that a disorderly no-deal Brexit can be avoided, to buy the pound. But with little time left until Britain leaves the EU on March […]
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‘No Deal’ Brexit Unlikely
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- January 18, 2019
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The British pound rose to a two-month high against the euro, extending recent gains on growing expectations Britain can avoid a no-deal withdrawal from the European Union. Talk of a second referendum vote in the UK sparked a rally in afternoon trade which further lifted the currency. Prime Minister Theresa May has been meeting lawmakers […]
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Market Update
- Posted by currencies in Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- January 17, 2019
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May needs to find plan B and quickly. If May fails, the UK will drop out of the European Union on March 29 without a deal or will be forced to halt Brexit, possibly holding a national election or even another referendum. May has repeatedly refused to countenance another election and has warned that another […]
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