Pound drops due to Brexit worries
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- March 24, 2017
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Sterling fell against the dollar and euro today, retreating from the previous session’s one-month highs, as investors braced for Britain’s beginning the formal process of leaving the European Union next week. An interview with Bank of England policymaker Gertjan Vlieghe in The Times also laid out the argument for the Bank looking through further rises […]
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UK Retail Sales better than expectations
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Retail Sales, Sterling, UK, Uncategorised
- March 23, 2017
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Sterling hit a one-month high against the dollar this morning, after UK retail sales data came in much higher than expected, soothing worries about weakening consumer sentiment in Britain as it prepares to leave the European Union. Sales volumes in February rose by 1.4 percent from January, beating the 0.4 percent increase forecast by a […]
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Pound gains due to BoE leaning towards a rate rise
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Referendum, Sterling, UK, Uncategorised
- March 17, 2017
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The pound rose for the third day running against the dollar this morning for the first time since mid-January, drawing confidence from signs some at the Bank of England may be leaning toward a rise in interest rates to support the currency. Minutes from the Bank’s latest Monetary Policy Committee meeting shocked markets on Thursday […]
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Sterling weakness expected to continue
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Referendum, Sterling, UK, Uncategorised
- March 16, 2017
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Sterling hit an eight-week high this week in reaction to Parliament’s approval of the Article 50 bill – but with at least two years of negotiations ahead, could the currency fall even further? MPs voted down two amendments added by the House of Lords to the Article 50 bill on Monday evening, with peers voting […]
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May wins right to start divorce proceedings with EU
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- March 14, 2017
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Prime Minister Theresa May has won the right to launch divorce proceedings with the European Union and begin two years of talks that will shape the future of Britain and Europe. May, who was appointed prime minister shortly after Britain voted to leave the EU in June, faced down attempts in both the lower and […]
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An important week ahead as Sterling hits new low.
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- March 13, 2017
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Over the last two weeks, we have seen the Pound fall by around 3.5% against most major currencies, this has been due to both weak economic data, and a loss of confidence from investors as the date approaches for Theresa May to trigger Article 50. Before this can be done, there is one final hurdle […]
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Pound Decline Continues
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- March 10, 2017
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Manufacturing output fell by 0.9 percent in January, a bigger decline than the 0.6 percent fall forecast. Overall industrial output fell 0.4 percent in January. Britain’s manufacturing sector struggled to grow much in recent years but has shown signs of a pick up recently, possibly helped by the fall in the pound after voters decided […]
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Fresh New Lows For Pound
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Phillip Hammond, Prime Minister, Referendum, Retail Sales, Sterling, UK, Uncategorised
- March 9, 2017
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Sterling slipped even lower today, as investors brushed off the finance minister’s budget statement the previous day as largely a “non-event” that would do little to boost growth in Britain as it prepares to leave the European Union. While Philip Hammond announced a rise in official growth forecasts for this year and cut predicted rates […]
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Sterling Continues Decline – Budget Today 12:30 GMT
- Posted by currencies in Bank of England, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Phillip Hammond, Prime Minister, Sterling, UK, Uncategorised
- March 8, 2017
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Sterling fell to a seven-week low today ahead of a British budget expected to raise economic forecasts but remain thrifty as Chancellor of Exchequer Philip Hammond targets curbing a big fiscal deficit. Hammond is due to announce his tax and spending plans for the year at 1230 GMT, in Britain’s first full budget statement since […]
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Sterling Hits 7 Week Low Against Euro & Dollar
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- March 7, 2017
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Sterling slips to a seven-week low against the euro, weakened by uncertainty over when the formal mechanism for Britain’s departure from the European Union would be triggered, as well as a run of weak UK data. The British parliament’s upper house will today try to force the government to give lawmakers a greater say over […]
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