UK Inflation Rises
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, UK, Uncategorised
- August 14, 2019
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Annual consumer price inflation rose to a three-month high of 2.1% in July from 2.0% in June, the Office for National Statistics said, bucking the average expectation in a Reuters poll of economists for a fall to 1.9%. Earlier this month the BoE predicted consumer price inflation would fall to a three-year low below 1.6% […]
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Snap Election Fears Hit Sterling
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, Inflation, No Deal, Referendum, Retail Sales, Sterling, UK, Uncategorised
- August 12, 2019
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Sterling has strengthened against the euro this morning after some volatile trading over the weekend. In overnight trade on Friday into Saturday, the pound pushed towards 1.06 against the euro. We’ve seen a rapid decline in the pound in the last three months. In early May, it was trading above 1.17. UK data this week, […]
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Recession Fears Rise – UK Economy Shrinks 0.2%
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Mark Carney, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- August 9, 2019
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The pound had started the day pretty settled after Thursday’s drop on the back of senior aides of Prime Minister Boris Johnson saying they would hold a parliamentary election in the days after Brexit if lawmakers sink the government with a no-confidence vote. Analysts say the election talk will weigh on the pound today because […]
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Brexit Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Prime Minister, Referendum, Sterling, UK, Uncategorised
- August 7, 2019
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The pound this morning has remained stuck near its weakest since 2017 and analysts are predicting renewed volatility. Risks of a no-confidence vote in the new Conservative government as soon as it comes back from the summer recess, or an early election are two of the many scenario’s investors envision happening as the deadline to […]
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No Deal Possibility Weighs On Sterling
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, No Deal, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- August 5, 2019
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Sterling plunged to a 23-month low against the euro and near a 31-month low versus the dollar this morning as fears of a disorderly Brexit grew. After the by-election victory for the Liberal Democrats in Brecon and Radnorshire last week, the Conservative party has been left with a majority of just one seat in parliament, […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Mark Carney, No Deal, Prime Minister, Rate Cuts, Referendum, Sterling, UK, Uncategorised
- August 2, 2019
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The Bank of England (BoE) policymakers voted unanimously to leave interest rates unchanged at 0.75%. However, the bank slashed its growth forecasts amid the growing risk of a no-deal Brexit. The BoE downgraded it forecasts to 1.3% growth for both 2019 and 2020 providing the UK avoids a disorderly exit from the European Union. GBP […]
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Markets Await Johnson Speech Later Today
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Referendum, Retail Sales, Sterling, UK, Uncategorised
- July 24, 2019
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Sterling inched slightly higher this morning against the dollar and euro after losses in recent days but options markets indicate more pain ahead as the risk of a no-deal Brexit under new leader Boris Johnson is seen worsening economic stress. We are awaiting Johnson’s speech due later in the day after Britain’s Queen Elizabeth formally […]
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Dollar Strengthens As Sterling Drops Off
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Phillip Hammond, Prime Minister, Sterling, UK, Uncategorised
- July 23, 2019
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The dollar edged to a two-week high versus its rivals this morning after U.S. President Donald Trump and congressional leaders reached a deal on Monday on a two-year extension of the debt limit, dousing fears of a government default later this year. The dollar’s gains were capped in a broadly rangebound currency market as investors […]
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Market Updates
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Rate Cuts, Referendum, Sterling, UK, Uncategorised
- July 12, 2019
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The Pound continues to weaken against the Euro on a daily basis, we have never seen this type of losing trend for the currency pair since records began. We saw a brief recovery by the pound reaching 1.1162 yesterday afternoon, however that was short lived, and Sterling lost 0.3% by the end of the day. […]
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Dollar Weakens After Powell Comments
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Mark Carney, Prime Minister, Rate Cuts, Referendum, Sterling, UK, Uncategorised
- July 11, 2019
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The dollar fell to a five-day low this morning after Federal Reserve Chair Jerome Powell kept the door open for U.S. interest rate cuts, though investors were wary of selling dollars aggressively until a policy review later this month. In testimony to Congress, Powell pointed to “broad” global weakness that was clouding the U.S. economic […]
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