Positive Start For Sterling
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Economy, EUR, GBP, Referendum, Sterling, UK, Uncategorised
- February 20, 2017
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The pound rose against most major currencies this morning, snapping a three-day fall versus the euro, at the start of another week likely to be dominated by questions about how Britain will leave the EU and the impact of Brexit on the economy. The upper house of parliament, known as the House of Lords, was […]
READ MOREUK Retail Sales Shock Sterling
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- February 17, 2017
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Sterling sank by 0.5% on the day against the dollar and Euro this morning after British retail sales racked up their third monthly fall on the trot in January, disappointing expectations for a rise. December’s downwardly revised -2.1 percent was the second biggest monthly fall since comparable records began 20 years ago, and added to […]
READ MORESterling Edges Higher
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, EUR, GBP, Retail Sales, Sterling, UK, Uncategorised
- February 16, 2017
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Sterling gained around half a percent against the dollar this morning, tracking broader moves in major currencies after some caution about the underlying strength of the U.S. economy set in following a high January inflation number. The pound – down by around a fifth in just over a year against the dollar – has been […]
READ MOREUK Jobs Data Lower Than Forecast
- Posted by Shyam Gokani in Bank of England, Currency, GBP, Inflation, Mark Carney, Sterling, UK, Uncategorised
- February 15, 2017
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U.K. unemployment declined and a measure of the number of people in work rose to a record, pushing the labor market closer to “full capacity,” according to the statistics office. The number of jobless fell 7,000 in the fourth quarter to 1.6 million people, leaving the unemployment rate at 4.8 percent, the lowest in more […]
READ MOREPound Edges Up Against Euro
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, EUR, GBP, Inflation, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 13, 2017
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Sterling edged up this morning, extending its winning streak against the euro for a sixth straight day after enjoying a boost from last week’s better-than-expected manufacturing and trade data. The pound was up over 0.3 percent against the dollar and steady against the euro which has been hit by nerves around a pickup in political […]
READ MOREPound Gains Against Euro & Dollar
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- February 8, 2017
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The British pound steadied around $1.25 this morning after a series of swings a day earlier driven by competing signals on the outlook for growth, interest rates and Britain’s withdrawal from the European Union. Kristin Forbes, an external member of the BoE’s Monetary Policy Committee, said in remarks published on Tuesday that the Bank should […]
READ MOREPM’s Brexit Bill Faces Challenges In Parliament
- Posted by Shyam Gokani in Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 7, 2017
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Sterling hit a one-week low against the dollar as Prime Minister Theresa May faced challenges over her legislative plan for taking Britain out of the European Union. A three-day debate on a law giving May the right to trigger Brexit began on Monday and will be followed by a series of votes on whether to […]
READ MORESterling Fall Continues To Hurt UK Companies
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 6, 2017
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Sterling’s sharp fall against the U.S. dollar and Euro since June’s Brexit vote has so far hurt almost as many exporters as it has aided, the British Chambers of Commerce said this morning. A cheaper currency normally helps exporters in the medium term, but the BCC said that currency weakness was proving a double-edged sword […]
READ MORESterling Slips For Second Day
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 3, 2017
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Sterling fell another 0.4 percent this morning after a fall in a closely-watched services sector indicator reawakened concerns over the impact of last year’s Brexit vote on a previously resilient economy. The drop in the monthly index of service sector purchasing managers was its first since October and followed small drops in the construction and […]
READ MORESterling/Dollar Traded Above 1.27
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Sterling, UK, Uncategorised
- February 2, 2017
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Sterling rose to trade above $1.27 for the first time in seven weeks against the dollar, as investors awaited a Bank of England quarterly report that is expected to upgrade its growth and inflation forecasts. The central bank will probably try to avoid adding to speculation about a first interest rate hike in nearly a […]
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