Pound gains against US Dollar
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 12, 2017
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Sterling edged higher today against a tepid dollar, despite a backdrop of uncertain Brexit negotiations. Signals from the U.S. Federal Reserve that central bankers were still concerned about persistently low inflation helped bump the pound to $1.3244, its highest point since October 4th. The cable’s gains have been driven primarily by weakness in the dollar […]
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Sterling looses ground as Euro gains
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 11, 2017
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The euro climbed to a two-week high today on relief that Catalonia had stopped short of formally declaring independence from the rest of Spain. Sterling was flat on Wednesday after two sessions of gains as doubts emerged on whether entrenched expectations of higher UK interest rates were reasonable given a backdrop of uncertain Brexit negotiations. […]
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Britain’s trade deficit hits a all time high
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 10, 2017
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British factories had their strongest two months of 2017 in July and August, suggesting the Bank of England remains on track to raise interest rates soon, but the deficit in trade in goods hit an all-time high. The data showed Britain’s economy remained in a low-growth gear in the third quarter after suffering its slowest […]
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Sterling suffered major blows last week
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 9, 2017
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Britain’s pound fell to four-week lows last week, amid growing uncertainty over Prime Minister Theresa May’s control of the leadership and strong U.S labour market data that boosted the dollar. Sterling was on track for its worst week in a year against the dollar and on a trade-weighted basis, after a more than 2 percent […]
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Sterling Outlook
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 6, 2017
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Market speculators are likely to keep their sterling positions steady this month, according to a plurality of respondents in a poll which predicted the currency will trade around where it is now against the euro and dollar in a year. Sterling was hammered after Britain’s decision to leave the European Union and is around 13 […]
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Euro & Dollar both gain today
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 5, 2017
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The dollar edged higher against a basket of currencies this morning as investors consolidated positions after a recent rise, with minutes from the European Central Bank’s latest meeting likely to be the key event of the day. Despite a raft of dollar positive news in recent days ranging from positive economic data to potential U.S. […]
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UK Services slighty above expectations
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 4, 2017
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The PMI showed growth in services activity unexpectedly sped up a little last month, compensating for weaker readings in the manufacturing and construction industries reported earlier in the week. Taking the three sector surveys together, Britain’s economy probably expanded at a quarterly rate of around 0.3 percent in the July-September period, matching its second-quarter performance, […]
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UK Construction hits a 14 month low
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 3, 2017
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British construction companies reported the sharpest fall in activity since just after June 2016’s Brexit vote, as new work dried up last month on concern over the economic outlook. The IHS Markit/CIPS construction purchasing managers’ index (PMI) sank to 48.1 in September from August’s reading of 51.1, far below all forecasts in a poll of […]
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Sterling down across the board this morning
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 2, 2017
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Sterling slipped to a near three-week low against the dollar today as investors focused on underlying weakness in the British economy and the governing Conservatives gathered for what could be a fraught party conference. Data on Friday showed gross domestic product growth slowed to 1.5 percent year on year in the second quarter while the […]
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UK GDP drops to 1.5%
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 29, 2017
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Britain’s economy recorded its weakest year-on-year growth since 2013 in the three months to the end of June, and the major services sector contracted in July, showing a possible loss of momentum as the Bank of England prepares to raise interest rates for the first time in a decade. Official data showed year-on-year gross domestic […]
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