UK Wage growth slightly better
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 13, 2017
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Pay growth for British workers quickened slightly in the three months to October but there was another drop in employment, official figures showed, suggesting employers are turning more cautious as Brexit nears. Britain’s economy slowed sharply this year as the 2016 Brexit vote weighed on households and companies, but job creation has largely remained strong […]
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UK Inflation hits a 6 year high!
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 12, 2017
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This week will be all about the central banks. Three major institutions will have their interest rate decisions: FED, ECB, and BoE. From that three, only in the US, we should see some changes. However, the BoE will be under pressure to raise rates again early next year as this morning’s data shows UK inflation […]
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The week ahead
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 11, 2017
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GBPEUR exchange rates hit 1.1490 while GBPUSD exchange rates went above 1.35 on Friday morning following the UK Government managing to sort out the Irish border issues and beginning negotiations for Brexit. These exchange rates lasted around 2 hours until EU officials stated that trade negotiations could not officially begin until Brexit was done (2019) […]
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Sterling hits a 6 month high!
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 8, 2017
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Sterling has soared to a 6 month high against the Euro this morning, after news that the UK and the European Union have agreed on a deal to move on to the next stage of the Brexit negotiations. The European Commission said enough progress had been made after the two sides worked through the night […]
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Where will Sterling end the year?
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 7, 2017
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If we can come to a suitable solution surrounding the issues around the Irish border and agree on a trade deal we believe that the pound could end the year against the Euro at 1.15 and 1.33 against a strong dollar. If we do not agree on a deal by year-end then some analysts predict […]
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Pound drops on Brexit uncertainty
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 6, 2017
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Sterling dropped to 8-day lows yesterday as investors and analysts are very sceptical in regard to Prime Minister Theresa May being able to agree a deal with the EU in the coming week. If there is a failure to agree on terms we could see us in this same position come February, this would add […]
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Pound – Biggest fall since start of November
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 5, 2017
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Good Morning All, This morning we have seen the pounds biggest fall since the start of November due to very disappointing news around Brexit talks. Sterling fell over 0.7% against the Dollar and the Euro. Prime Minister Theresa May failed to clinch a deal on Monday to open talks on post-Brexit free trade with the […]
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Sterling rises against the Euro before Brexit summit
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 4, 2017
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Last week was relatively positive for Sterling exchange rates after surpassing 1.34 against the U.S Dollar and 1.13 against the Euro. The main reasons for this were instability in the U.S in reference to the new Tax bill by Trump and positive news from Brexit negotiations. The markets reacted positively to the U.K deciding on […]
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UK Manufacturing beats expectations
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 1, 2017
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Sterling got a brief boost on Friday as data showed British factories enjoyed their best month in more than four years in November, suggesting manufacturing will give a boost to the sluggish economy going into 2018. The monthly survey of purchasing managers in the manufacturing sector (PMI) jumped to 58.2 from an upwardly revised 56.6 […]
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Dollar weakens – UK GDP as expected
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 23, 2017
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The dollar is currently at a one-month low against other major currencies today, as the minutes of the Federal Reserve’s most recent policy meeting continued to weigh on the greenback. Trade volumes were expected to remain thin ahead of the today’s U.S. Thanksgiving holiday. The greenback weakened after the minutes of the Fed’s latest meeting […]
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