Coronavirus Fears Impact The Markets
- Posted by currencies in Brexit, Currency, Dollar, Economy, EUR, Fed, GBP, Sterling, UK, Uncategorised
- February 26, 2020
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GBP rose by 0.5% against the USD yesterday reaching over 1.30 for a 1 week high, with the likelihood of a rate cut by The U.S. rising week by week. The main factor has been increased fears of the true economic damage caused to The U.S. by The Coronavirus. Consumer confidence missing expectations is also […]
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Trade Deal Talks Begin
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- February 25, 2020
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EU ministers will meet today to discuss how to open to trade deal negotiations, which will start on March 02. They are expecting the mandate to be based on EU rules. The mandate will dictate how many EU rules that the UK will stick to secure a free trade deal. The main rules the Eu […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, No Deal, Prime Minister, Sterling, UK, Uncategorised
- February 24, 2020
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Sterling rebounded towards the end of last week due to better than expected Retail Sales in January. The main factor behind the increase was the horrendous weather in the UK most likely prompting consumers to panic buy essentials. Moving forward this could contribute to an improvement in UK Inflation figures which is a key focus […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, No Deal, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- February 21, 2020
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Pound Sterling has dropped to a three month low against the Greenback on Thursday as the U.S. currency’s has out performed undoing the recent pound gains that were driven by the appointment of a new British finance minister Rishi Sunak. Since the high of 1.3070 after the appointment of Sunak the pound has now lost […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Rate Cuts, Referendum, Retail Sales, Sterling, UK, Uncategorised
- February 20, 2020
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The Pound has retraced against the Euro proving that the rate is uncomfortable above 1.20 against the Euro and 1.30 against the USD. Due to ongoing concerns that the EU and the UK are moving further apart within the trade talks. Many analysts have mentioned that we cannot rule out a no-deal Brexit by the […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Mark Carney, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- February 19, 2020
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This morning’s main data release is UK CPI inflation for January. The previous month saw an unexpected fall to 1.3%, the lowest for three years, which had fuelled expectations of a near-term BoE rate cut. The predictions are a rebound to at least 1.6% last month, thanks to energy prices as a result of: (i) […]
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Market Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Message, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 18, 2020
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The number of people in work in Britain rose in the last three months of 2019, according to data which underscored how the labour market defied a slowing of the broader economy ahead of December’s election. The number of people in work jumped by 180,000 to 32.934 million, at the top end of forecasts in […]
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Pound Soars After Cabinet Reshuffle
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Home, Prime Minister, Sterling, UK, Uncategorised
- February 14, 2020
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British Prime Minister forced the resignation of Sajid Javid as finance minister on Thursday after Javid refused to sack his advisers and replace them with officials from Johnson’s Downing Street office. The currency climbed to as high as GBP/USD 1.3069, up from around 1.2988 before the news was released. Also, against the Euro the pound […]
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Pound Recovers From Recent Losses
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- February 13, 2020
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The GBP has recovered recent losses against the Euro and US Dollar with the key focus todays cabinet reshuffle. PM Boris Johnson will have capabilities to refresh his team ahead of trade talks with the EU. This could have a high impact on the Pound as this coming year, all eyes are on the trade […]
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UK Economy Shows Zero Growth
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, No Deal, Prime Minister, Sterling, Uncategorised
- February 11, 2020
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Britain’s economy flatlined in the last three months of 2019 with the country in deadlock over Brexit. Official figures showed zero growth in the fourth quarter compared with the July-September period. In annual terms, growth was 1.1%, a level last seen at the start of 2018. The last time growth was weaker for a calendar […]
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