Sterling/Dollar Below 1.27
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Phillip Hammond, Prime Minister, Referendum, Sterling, UK, Uncategorised
- May 21, 2019
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Sterling fell below $1.27 for the first time since mid-January, battered by dollar strength and expectations that Prime Minister Theresa May will fail to persuade cabinet colleagues to back an amended version of her Brexit withdrawal deal. Brexit uncertainty has grown in recent weeks after the breakdown of talks between May and the opposition Labour […]
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Pound Volatility Continues Over Brexit
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- May 15, 2019
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The pound remained near a two-week low this morning, and investors said more losses were likely if Prime Minister Theresa May’s proposed Brexit deal gets voted down again next month. Sterling has fallen 1% this month as deadlocked cross-party talks exposed deep political divisions over how, when and even if Brexit should take place. May’s […]
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UK Unemployment Lowest Since 1970’s
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Referendum, Sterling, UK, Uncategorised
- May 14, 2019
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Britain’s unemployment rate fell to its lowest level since the mid-1970s as a pre-Brexit hiring surge continued, but workers’ pay rose a bit less quickly in the first three months of 2019, official data showed this morning. The unemployment rate stood at 3.8%, its lowest since early 1975 and down slightly from a previous reading […]
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Conservatives drop to 5th in latest opinion polls
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Referendum, Sterling, UK, Uncategorised
- May 13, 2019
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Prime Minister Theresa May’s Conservatives have fallen to fifth place in an opinion poll ahead of the May 23 European parliamentary election as pressure grows for her to set a date for her own departure. Nigel Farage’s Brexit Party was in the lead, up four percentage points, on 34% while May’s Conservative Party had just […]
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UK Manufacturing Boosts Economy
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, Home, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- May 10, 2019
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Britain’s economy got a sharp one-off boost in the first three months of 2019, official figures showed this morning, as manufacturers rushed to deliver orders before a Brexit that never came. Gross domestic product grew at a quarterly rate of 0.5 percent in the first quarter of 2019, in line with the reading expected by […]
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Sterling drops off after recent gains
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- May 8, 2019
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Sterling slid nearly half a percent yesterday on rising concerns about the progress of Brexit negotiations and worries Prime Minister Theresa May is facing a mounting challenge to her leadership. May is set to meet Graham Brady, chairman of an influential committee representing members of parliament from her Conservative party, amid calls for her to […]
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Pound Gains Due To positive Brexit Talks
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Referendum, Sterling, UK, Uncategorised
- May 7, 2019
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Sterling was the star winner last week as boosted by renewed hope of a Brexit deal between the government and opposition. Poor results for both Conservatives and Labours are piling pressure on both parties to end the Brexit standoff and drama as soon as possible. Prime Minister Theresa May stepped up calls on Labour leader […]
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Dollar Slightly Recovers
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- May 2, 2019
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The dollar recovered this morning after suffering some brief losses overnight with traders focusing on relatively confident comments from Fed Chair Jerome Powell on the economy’s outlook. The greenback took a beating after a surprisingly sharp retreat in the ISM index of manufacturing to 52.8 and downgrades of the U.S. inflation outlook prompted investors to […]
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Positive Brexit Talks Boost GBP
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, Prime Minister, Referendum, Sterling, UK, Uncategorised
- May 1, 2019
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Sterling rose above $1.30, hitting a two-week high, after media reports that the tone of Brexit talks between the British government and the main opposition party had improved. Prime Minister Theresa May is seeking a consensus with Labour to get a Brexit deal approved and wants talks to reach a conclusion by the middle of […]
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US Dollar Could Strengthen This Week
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, David Cameron, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Phillip Hammond, Prime Minister, Referendum, Sterling, UK, Uncategorised
- April 30, 2019
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The dollar fell against most currencies yesterday, slipping further from a 23-month high, as traders await more data to convince them whether to add to their bullish positions in the greenback. Most major currencies held in tight ranges on light trading volume as Japan began its extended Golden Week holiday. China will observe its Labor […]
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