Thursday is key for the Euro
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Referendum, Retail Sales, Sterling, UK, Uncategorised
- December 6, 2016
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The euro held steady near a 3-week high today while bets on market volatility stayed close to their highest since June’s Brexit vote ahead of this week’s European Central Bank meeting due to give new guidance on its quantitative easing programme. Other major currency pairs were all trading in a tight range after a rollercoaster […]
READ MOREBudget drives sterling higher
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK
- November 24, 2016
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Sterling surged to a 10-week high against the euro and resisted the dramatic falls against the dollar suffered by other major currencies after a UK budget read as doing more than had been expected to bolster growth in years to come. At the heart of the sterling rally was a rocketing of long-dated gilt yields […]
READ MOREPound boosts after positive Retail Sales this morning
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Retail Sales, Sterling, UK
- November 17, 2016
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British retail sales surged in October, as colder weather boosted clothing sales and supermarkets cashed in from Halloween, lifting annual sales growth to its highest in more than 14 years. This morning; official data reinforce the robust picture of health given by British consumers since June’s vote to leave the European Union, even if the […]
READ MOREUK Economic data strong – Pound stays weak due to Brexit
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- November 2, 2016
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Sterling hit a two-week high against a dollar weakened by worries about the U.S. presidential election next Wednesday, as investors waited for construction sector data for the latest clues on the health of the British economy. The battered pound has recovered almost 1 percent this week, boosted by the news that Bank of England Governor […]
READ MORECarney extends BOE stay to 2019
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, Mark Carney, Prime Minister, Sterling, UK
- November 1, 2016
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Sterling hit an almost two-week high yesterday, with expectations of more upbeat news on the economy helping it build on gains after Bank of England Governor Mark Carney said late on Monday he would be staying on until 2019. Criticism from some senior ruling Conservatives and right-leaning newspapers had prompted speculation over the past week […]
READ MOREEconomy slows but not as much as expectations
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Inflation, Prime Minister, Referendum, Retail Sales, Sterling, UK
- October 27, 2016
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Britain’s economic growth slowed only slightly in the three months after the Brexit vote, official data showed this morning defying warnings of a heavy hit and further diminishing the likelihood of the Bank of England cutting rates next week. The economy grew by 0.5 percent in the July-September period, less rapid than the unusually strong […]
READ MORESterling on the up
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Prime Minister, Referendum, Sterling, UK
- October 19, 2016
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Sterling slipped back a little after its strongest one-day gains in over three months on a trade-weighted basis, having been boosted after a UK government lawyer said parliament would have to ratify any deal to take Britain out of the EU. Having fallen to a record low last week on worries that Britain would undergo […]
READ MOREPound has futher room to drop
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Referendum, Sterling, UK
- October 6, 2016
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Britain’s pound dipped below $1.27 for the first time since June 1985 yesterday, with fears of a ‘hard’ Brexit from the European Union also pushing the currency to a five-year trough against a broadly stronger euro. Sterling has been buffeted for a fortnight by worries that Britain will prioritise curbing immigration over promoting trade in […]
READ MORESterling drops after May’s Brexit comments this weekend
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Retail Sales, Sterling, UK
- October 3, 2016
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Sterling slid to a three-year low against the euro and a three-month low versus the dollar this morning, after a March deadline was set for the start of the formal process that will split Britain from the European Union. Britain’s Prime Minister Theresa May told her Conservative party’s annual conference on Sunday that she was […]
READ MORESterling fights back after losses on Friday
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Sterling, UK
- September 19, 2016
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Sterling rose against a weaker dollar this morning, although gains are still likely to be held in check by concerns about the uncertainty generated by Britain’s vote to leave the European Union and expectations of more interest rate cuts in coming months. The Bank of England kept rates at record lows on Thursday but signalled […]
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