Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, No Deal, Prime Minister, UK, Uncategorised
- November 11, 2019
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The pound rose 0.2% against a weakened dollar this morning after a flurry of UK data, including GDP figures. UK September Gross Domestic Product (GDP), manufacturing production, industrial output and goods trade balance data were all released this morning at 9:30am. All three came in weaker than the expectations, we saw I slight dip and […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Inflation, Mark Carney, No Deal, Prime Minister, Rate Cuts, Referendum, Sterling, UK, Uncategorised
- November 8, 2019
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Sterling fell to a two-week low after two Bank of England officials unexpectedly voted to cut interest rates this month and others said they would consider a cut if global and Brexit headwinds did not lift. The BoE said that its nine-member Monetary Policy Committee voted 7-2 to keep its key rate at 0.75%, in […]
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Pound Could Drop by 2% on Election Results
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, Mark Carney, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- November 7, 2019
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Sterling would receive a post-election bounce of around 3% if British voters give the ruling Conservative Party a majority in parliament on Dec. 12 but will fall 2% if the opposition Labour Party wins a majority, a new poll found. The pound has gyrated wildly since Britain decided in a June 2016 referendum to leave […]
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Election Polls Key For Sterling
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, Prime Minister, Referendum, Sterling, UK, Uncategorised
- November 6, 2019
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The pound was pretty static this morning as investors calculated the risks which the upcoming general election poses to Britain’s ability to sign a trade deal with the European Union before Jan. 31, its new deadline to leave the EU. Traders also waited to see what the Bank of England (BoE) might have to say […]
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British and European Union officials resume talks
- Posted by currencies in Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, No Deal, Sterling, UK, Uncategorised
- October 16, 2019
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British and European Union officials resumed talks to clinch a Brexit deal today just a few hours after late-night negotiations wound up, but it was far from clear they would reach an agreement before a leaders’ summit on Thursday. Officials involved in the complex divorce between the world’s fifth-largest economy and its biggest trading bloc […]
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Big week Ahead For Brexit
- Posted by currencies in Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- October 7, 2019
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The pound in early London trading today as investors grow increasingly concerned that Britain and the European Union were no closer to agreeing a Brexit withdrawal deal. British lawmakers have passed a law requiring Prime Minister Boris Johnson to seek a delay to Brexit if the UK cannot agree a withdrawal deal by Oct. 19. […]
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Britain’s Economy Tips Into Recession
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- October 3, 2019
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Britain’s economy appears to have tipped into recession as firms brace for the risk of a disruptive Brexit in just a few weeks’ time, according to a survey which showed the dominant services sector took an unexpectedly sharp downturn last month. September’s IHS Markit/CIPS services Purchasing Managers’ Index (PMI) fell by more than any economist […]
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Market Update
- Posted by currencies in Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- September 25, 2019
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The Supreme Court’s decision which took place yesterday, called Prime Minister Boris Johnson’s suspension of parliament unlawful and said lawmakers should return to sitting, is widely seen as reducing the probability of Britain leaving the European Union without a divorce agreement on Oct. 31. Prime Minister Boris Johnson was flying home today as determined as […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Referendum, Sterling, UK, Uncategorised
- September 11, 2019
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British pound attempted a recovery and reached the highest level since July; however, the upside failed to gain traction. GBP seem to have bumped into a brick wall on the approach to $1.2350 despite some positive developments on Brexit front. Speaking at a press conference with the Irish leader Leo Varadkar, the U.K. Prime Minister […]
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Market Update
- Posted by currencies in Bremain, Brexit, Currency, Dollar, Economy, election, EUR, Fed, GBP, No Deal, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- September 6, 2019
- No Comments
The British pound was lower today after a tumultuous week in which it plunged to three-year lows before rebounding strongly as lawmakers voted to block a no-deal Brexit, making a snap election more likely. Opposition parties will discuss how to respond to Boris Johnson’s bid to call a snap election after the prime minister said […]
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