UK Construction PMI beats expectations
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Prime Minister, Sterling, UK
- May 3, 2017
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UK Construction Purchasing Managers’ Index (PMI) came in better than expectations at 53.1 compared to polls expecting a reading of 52. Tuesday’s stronger-than-expected survey of the manufacturing sector gave the pound some buoyancy in the face of headlines that suggested Britain’s negotiations to leave the EU would be difficult. Today’s figures will help Sterling further. […]
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UK Economy grows less than expected
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- April 28, 2017
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Britain’s economy grew less than expected in the first quarter of 2017, according to preliminary numbers from the ONS released on Friday. GDP grew by just 0.3% in the quarter, while on an annual basis the figure was 2.1%. Prior to the release economists had forecast 0.4% growth, representing a slowdown from the 0.7% figure […]
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Sterling hits 7 month high against dollar
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- April 27, 2017
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Sterling rose around half a percent to 7-month highs above $1.29 this morning, helped by a broader softening of the dollar and polls showing Prime Minister Theresa May on course for a landslide in the early election she has called for June. The pound rose by as much as 4 cents when May announced the […]
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Sterling falls against Euro – French Election
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- April 24, 2017
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Sterling fell sharply against the euro today as investors favoured Europe’s currency over Britain’s in a wave of relief sweeping financial markets following results of the first round of France’s presidential election. The pound rallied nearly 2 percent last week, hitting four-month highs against the euro, after British Prime Minister Theresa May called for a […]
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Sterling stays strong
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Referendum, Sterling, UK, Uncategorised
- April 20, 2017
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The pound inched higher against a basket of major currencies today, after a solid performance against the euro before the first round of French presidential elections and from an improvement due to the snap election announcement. Sterling rose against a broadly weaker dollar with bullish polls for Prime Minister Theresa May’s Conservatives adding to expectations […]
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UK Inflation stays at 2.3%
- Posted by currencies in Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 11, 2017
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UK inflation’s huge surge since the Brexit referendum paused in March, remaining at the same level seen in February, according to the latest release from the Office for National Statistics on this morning. The ONS said that the UK’s consumer price index — the key measure of inflation — was 2.3%, flat from February, and […]
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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
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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 […]
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Sterling steadies after recent boost
- Posted by currencies in Bremain, Brexit, Currency, Dollar, Economy, GBP, Inflation, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- March 22, 2017
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The pound flattened out today after hitting its highest levels in almost four weeks, speculation that the Bank of England will raise rates within the next year cooled by broader concerns about a Brexit-driven slowdown in the UK economy. Sterling has surged 3 percent in the past week, driven by a turnaround in the dollar […]
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UK inflation shoots past Bank of England target
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, GBP, Inflation, Mark Carney, Phillip Hammond, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- March 21, 2017
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British inflation last month shot past the Bank of England’s 2 percent target for the first time since the end of 2013 and looks set to climb further due to the Brexit hit to the pound and rising global oil prices. Consumer prices leapt by a stronger-than-expected 2.3 percent in annual terms, their biggest increase […]
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US Dollar weakens for 4th day in a row
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- March 20, 2017
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Sterling rose to a three-week high against the dollar this morning, sales of the dollar after the G20 gave in to U.S. pressure and omitted a reference to protectionism pushing the greenback lower for a fourth day running. The dollar’s weakness has eased pressure on the pound as Prime Minister Theresa May prepares to launch […]
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