Euro Weakens as Le Pen Wins Latest Poll
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- February 22, 2017
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Sterling rose almost 1 percent against the euro today, to its highest in two months, after another opinion poll showing far-right French presidential candidate Marine Le Pen gaining ground hit the single currency. The poll suggests anti-EU nationalist Le Pen may have more chance of springing a surprise if she makes it through to the […]
READ MORESterling Continues To Push
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, Inflation, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- February 21, 2017
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Sterling fell against the dollar but made ground versus the euro this morning, before Bank of England Governor Mark Carney and several his chief lieutenants testify in Britain’s parliament. The pound has been relatively steady compared with last year’s slump, but recent data suggest that consumer confidence may be starting to falter as inflation rises […]
READ MOREPositive Start For Sterling
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Economy, EUR, GBP, Referendum, Sterling, UK, Uncategorised
- February 20, 2017
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The pound rose against most major currencies this morning, snapping a three-day fall versus the euro, at the start of another week likely to be dominated by questions about how Britain will leave the EU and the impact of Brexit on the economy. The upper house of parliament, known as the House of Lords, was […]
READ MOREUK Retail Sales Shock Sterling
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- February 17, 2017
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Sterling sank by 0.5% on the day against the dollar and Euro this morning after British retail sales racked up their third monthly fall on the trot in January, disappointing expectations for a rise. December’s downwardly revised -2.1 percent was the second biggest monthly fall since comparable records began 20 years ago, and added to […]
READ MORESterling Edges Higher
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, EUR, GBP, Retail Sales, Sterling, UK, Uncategorised
- February 16, 2017
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Sterling gained around half a percent against the dollar this morning, tracking broader moves in major currencies after some caution about the underlying strength of the U.S. economy set in following a high January inflation number. The pound – down by around a fifth in just over a year against the dollar – has been […]
READ MOREUK Inflation Lower Than Expectations
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, Dollar, EUR, Inflation, Sterling, UK, Uncategorised
- February 14, 2017
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British households kept a tighter grip on their credit cards last month as spending grew at one of the slowest annual rates of the past three years, data showed, adding to signs that consumer spending is starting to lose momentum. Robust consumer spending helped Britain’s economy to outpace its peers last year, even after June’s […]
READ MOREPound Edges Up Against Euro
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, EUR, GBP, Inflation, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 13, 2017
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Sterling edged up this morning, extending its winning streak against the euro for a sixth straight day after enjoying a boost from last week’s better-than-expected manufacturing and trade data. The pound was up over 0.3 percent against the dollar and steady against the euro which has been hit by nerves around a pickup in political […]
READ MOREGBP Continues To Perform Well
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, EUR, Sterling, UK, Uncategorised
- February 9, 2017
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Sterling traded at its highest in a week today after some more upbeat British housing data helped soothe nerves over economic growth and the government eased past parliamentary roadblocks to its plan to trigger talks on leaving the EU next month. The pound has been rocked by a handful of weaker signals on the economy […]
READ MOREPound Gains Against Euro & Dollar
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- February 8, 2017
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The British pound steadied around $1.25 this morning after a series of swings a day earlier driven by competing signals on the outlook for growth, interest rates and Britain’s withdrawal from the European Union. Kristin Forbes, an external member of the BoE’s Monetary Policy Committee, said in remarks published on Tuesday that the Bank should […]
READ MOREPM’s Brexit Bill Faces Challenges In Parliament
- Posted by Shyam Gokani in Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 7, 2017
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Sterling hit a one-week low against the dollar as Prime Minister Theresa May faced challenges over her legislative plan for taking Britain out of the European Union. A three-day debate on a law giving May the right to trigger Brexit began on Monday and will be followed by a series of votes on whether to […]
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