Market Update – Dollar Struggles
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 12, 2018
- No Comments
Bank of England credit conditions survey may receive some attention today. Markets will be looking for signs of an impact from last November’s interest rate hike on the demand for or availability of credit. Tonight, BoE Governor Carney is talking in Canada, but unlikely we will get anything new regarding monetary policy from this. In […]
READ MORE
UK data disappointing this morning
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 11, 2018
- No Comments
British manufacturing output fell unexpectedly in February, its first drop in almost a year, according to official figures that added to signs the economy may have slowed in the first quarter. The data, released this morning along with figures for overseas trade, also showed another sharp drop in construction output, defying expectations for a small […]
READ MORE
McCafferty speech boosts Sterling
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 10, 2018
- No Comments
Sterling hit a two-week high today after a top policymaker said the Bank of England should not delay in raising interest rates after a recent strong pick-up in the world economy. Ian McCafferty, one of the two members of the nine-strong Monetary Policy Committee who voted for a rate rise last month, said in an […]
READ MORE
Sterling starts the week on the up
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 9, 2018
- No Comments
Sterling rose against the euro and dollar this morning and is on track for a third consecutive day of gains as investors are encouraged by data showing British house prices rising more than expected in March. Since Britain signed a transition agreement last month to cover the 21-month period after it leaves the European Union, […]
READ MORE
Sterling confidence grows
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 6, 2018
- No Comments
The pound came under modest selling pressure yesterday, as the UK service PMI disappointed and the composite PMI fell to the lowest since the EU referendum. Overall, this week’s PMI figures indicate downside risks to activity in coming months and while we see signs that the activity is slowing, it is worth noting that weaker […]
READ MORE
UK Services slowed due to bad weather
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 5, 2018
- No Comments
The weather over the last month had a big impact on British services businesses, which grew at the slowest rate since just after the vote to leave the European Union in June 2016, a survey showed earlier today. The IHS Markit/CIPS services Purchasing Managers’ Index (PMI) tumbled to 51.7 in March from February’s reading of […]
READ MORE
UK Construction lower than expected
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 4, 2018
- No Comments
Sterling was on track for its fourth consecutive day of gains against the dollar on Wednesday as traders paused ahead of a survey of Britain’s construction sector. However, the construction data came in worse than expected at 47.0 compared to an expected 51. The pound did not lose ground on the back of this result […]
READ MORE
Sterling gains as dollar continues to weaken
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 3, 2018
- No Comments
Sterling gained this morning as the dollar fell and data showed British manufacturing gaining a little bit of momentum ahead of an expected interest rate rise in May. Manufacturing growth in Britain cooled to a one-year low in the first quarter of 2018, according to a survey on Tuesday that suggested the economy remains on […]
READ MORE
Dollar Recovers
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 29, 2018
- No Comments
Britain’s current account deficit was revised down sharply on Thursday by the country’s statistics office in a set of data which also confirmed the economy slowed slightly in late 2017. The current account deficit stood at 18.4 billion pounds in the fourth quarter, much lower than a median forecast of a shortfall of 24 billion […]
READ MORE
Sterling recovers from recent losses
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 28, 2018
- No Comments
Yesterday the most volatile currency in the market was the pound, with GBPUSD dropping sharply before recovering, perhaps on the back of news that the UK will offer a resolution soon on the Irish border issue sooner rather than later. The euro consolidated gains on Wednesday after hitting a six-week high in the previous session […]
READ MORE
