Dollar Strengthens while Sterling remains volatile
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- February 8, 2018
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The exchange rates are listed at the bottom of this article. Please note they are for indication only. For a live quote please contact us. The U.S. dollar was at two-week highs against a currency basket today, rising last night after U.S. Senate leaders announced a two-year budget agreement. The U.S. dollar index, which measures […]
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Pound continues to drop off
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- February 7, 2018
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Sterling fell for a third straight day yesterday, hitting two-week lows against a broadly stronger dollar even though investors remained wary of selling it down too far before this week’s Bank of England meeting. Currency markets have been relatively calm compared with equity markets which are suffering their fourth straight day of falls, with Britain’s […]
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Brexit worries weigh on the pound
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- February 6, 2018
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Sterling is advancing moderately today, and GBP/USD is moving closer to the psychological hurdle at 1.4000 again. Cable came under persistent downside pressure as of late following a renewed buying interest in the greenback, while results in the UK docket came in below initial estimates. In addition, Brexit woes and uncertainty around PM May’s government […]
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The UK economy slowed last month
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- February 5, 2018
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Britain’s economy slowed sharply in January, according to a survey which cast doubt on growing expectations among investors that the Bank of England might be gearing up to raise interest rates again in the coming months. The IHS Markit/CIPS Purchasing Managers’ Index (PMI) for the country’s dominant services sector slowed to a 16-month low of […]
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UK Rate Rise?
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- February 2, 2018
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We waited over 10 years for a Bank of England (BoE) interest rate increase, now many investors and analysts are expecting another one very soon. The BoE’s Monetary Policy Committee looks almost certain to keep rates at 0.50 percent next Thursday, so it can weigh up the impact of November’s historic rise on the economy […]
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Sterling Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- February 1, 2018
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Sterling has climbed more than 5 percent since the start of the year as the U.S. currency has weakened broadly and as investors have become optimistic about Britain’s economy and the prospect of a Brexit deal that is more favourable to the UK. Against the euro, the pound was flat reports that EU officials had […]
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Dollar Volatility Continues
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 31, 2018
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The dollar came under renewed selling pressure this morning, sliding lower against a basket of major currencies ahead of the Federal Reserve’s policy decision. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.24%. The dollar has come under pressure as it has lost its relative […]
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Sterling looses recent gains
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 30, 2018
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The dollar moved higher against a currency basket of currencies today, buoyed by higher U.S. bond yields as investors turned their attention to U.S. President Donald Trump’s State of the Union speech and a Federal Reserve policy meeting. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was […]
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Dollar fights back
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 29, 2018
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The dollar is higher against a basket of currencies today, helped by rising bond yields and a week packed with U.S. data starting with a central bank policy decision, though the broader outlook remains murky for the greenback. Sterling against the Euro lost gains on Friday despite solid UK GDP data showing that the UK […]
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UK economy grew 0.5% in the fourth quarter
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 26, 2018
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The pound rose today as traders looked to fourth-quarter economic growth numbers due later to see if Britain’s economy is proving more resilient than expected, which could help sterling extend its recent rally. Sterling gained 0.7 percent to trade at $1.4236, but below the $1.4346 mark it notched up on Thursday when a broad dollar […]
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