UK Inflation lower than expected
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 20, 2018
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The British pound dropped off slightly after data showed UK inflation slowed more than forecast in February, the first in a series of economic reports due during a week when the Bank of England is expected to signal interest rates will rise as early as May. Britain’s agreement with the European Union on Monday for […]
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Pound gains across the board
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 19, 2018
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Sterling was flat in a big week for the British currency with employment and inflation data due, followed by a crucial summit between European and British officials to secure a Brexit transition arrangement. The Pound to Euro exchange rate has gained today, in the aftermath of the Italian general election that resulted in a hung […]
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Pound continues gains
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 16, 2018
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The pound is poised for its biggest weekly rise in a month against the dollar as investors became cautiously optimistic that Britain would strike a deal at a summit next week over a transition period for its EU exit. While sticking points remain such as a deadlock over the Irish border issue and recent headlines […]
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Pound up against dollar & euro
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 15, 2018
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The dollar was pinned near one-week lows against a basket of major currencies today as concerns over trade protectionism and political turmoil in Washington continued to weigh. Investors continued to be concerned that growing trade tensions could act as a drag on the global economy after U.S. President Donald Trump sought to impose tariffs on […]
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Sterling gains after budget update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 14, 2018
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The pound has gained this morning as the dollar was dumped by investors as data showed U.S. consumer price inflation in February cooled and President Donald Trump said he had fired U.S. Secretary of State Rex Tillerson. British Finance Minister Philip Hammond gave his half-yearly economic update on the economy. Which was positive. Hammond upgraded […]
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UK Budget update today
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 13, 2018
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UK Chancellor of the Exchequer Philip Hammond will give his Spring Budget update today. Traditionally a major set-piece event, its importance has now been downgraded. The main Budget statement now takes place in the autumn and it has been promised that this afternoon’s speech will not contain any major changes to tax or spending. Instead, […]
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UK economic growth slows further
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 12, 2018
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British citizens stopped spending as much in February, giving the weakest start to the year since 2012, figures from payments company Visa showed, raising the prospects that the broader economy will slow in the first quarter of 2018. Visa said inflation-adjusted consumer spending in February was 1.1 percent lower than a year earlier, after a […]
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No Deal
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 9, 2018
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Sterling weakened against the Dollar yesterday on worries that Britain might not manage to clinch a transition deal with the European Union at a summit later this month. Even against a euro shaken by the cautious tone of the European Central Bank’s chief at a press conference after a policy meeting. ECB President Mario Draghi’s […]
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All eyes on the ECB meeting today
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 8, 2018
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Sterling hit a three-month low against the euro before recovering again, this happened as the release of the European Union’s draft guidelines for a future trade deal with Britain underlined the gap between the two sides as they negotiate a Brexit deal. Philip Hammond said that financial services should be at the heart of a […]
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Brexit negotiations control Sterling
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 7, 2018
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The UK focus is likely to be on developments in the Brexit negotiations. The EU-27 countries will discuss the European Commission’s draft guidelines on future EU-UK relations before European Council Donald Tusk’s press conference around 12:15GMT. The briefing follows last week’s release of the European Commission’s draft negotiating text and UK PM Theresa May’s speech. […]
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