Pressure of Brexit hurts Sterling
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- May 31, 2016
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Sterling eased on Tuesday, hurt by month-end selling and after a poll showed support for those who want to stay in European Union dropping, adding to growing uncertainty about next month’s referendum. An ORB poll for the Daily Telegraph showed support for Britain to stay in the European Union was at 51 percent, five points […]
READ MOREGreat week for Sterling
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- May 27, 2016
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Sterling steadied this morning, closing off a week of solid gains built up on the growing belief that Britons will vote to remain in the European Union at next month’s referendum, thereby avoiding market volatility that would damage the pound. A series of polls this week has pointed to the “Remain” camp opening up a […]
READ MOREUK GDP as expected
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- May 26, 2016
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Business investment in Britain fell in annual terms for the first time in three years in the first quarter amid uncertainty around a vote on the country’s European Union membership. The Office for National Statistics confirmed the economy slowed in the January-March period, rising by a quarterly 0.4 percent as expected in a poll, and […]
READ MORESterling boosted by yet another positive poll
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- May 24, 2016
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Sterling rose against the euro and the dollar this morning, boosted by a poll that showed the “Remain” camp was well ahead over their “Leave” rivals with a month to go before a vote on Britain’s future in the European Union. On Monday, sterling started the week on a shaky note after warnings from Prime […]
READ MORESterling steadies after recent gains
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- May 23, 2016
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Sterling steadied around $1.45 on Monday after gaining more than 1 percent against the dollar last week, with investors still worried that a referendum in exactly one month could see Britons vote to leave the European Union. Several polls last week put the “In” camp well ahead in the run up to the June 23 […]
READ MOREPound gains further after positive Retail Sales
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- May 19, 2016
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British retail sales bounced back much more strongly than expected in April, despite cold weather dealing a big blow to spring clothing sales compared with last year, official figures showed this morning. Retail sales volumes rose 1.3 percent on the month in April, the Office for National Statistics said, well above economists’ average forecast of […]
READ MOREUK April Inflation slips
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- May 17, 2016
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British inflation slipped in April for the first time since September last year, reflecting a drop in airfares after a March surge around the Easter holidays disappeared, as well as lower clothing prices. Consumer prices rose 0.3 percent compared with a year ago, the Office for National Statistics said, in line with a Bank of […]
READ MOREBig week ahead for UK data
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- May 16, 2016
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Sterling recovered from a near three-week low against the dollar this morning as comments by leading Brexit campaigner Boris Johnson added to an increasingly fraught debate over Britain’s membership of the European Union. With most major currencies steady, the pound traded less than 10 ticks away from the low of $1.4340 it hit after a […]
READ MORESterling volatility continues
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- May 13, 2016
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Sterling fell towards its lowest in three weeks against the dollar this morning, nursing losses for a second straight week after Bank of England Governor Mark Carney warned of a recession if Britain votes on June 23 to exit the European Union. Carney on Thursday called Britain’s referendum on European Union membership the “elephant in […]
READ MOREAll eyes on “Super Thursday”
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- May 12, 2016
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The focus in Europe will be today “Super Thursday” as investors prepare for the Bank of England’s monetary policy decision, its minutes, the quarterly Inflation Report and a press conference from Governor Mark Carney. Brexit is dominating the U.K. agenda and the Bank of England is set to update its take on how the vote […]
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