Sterling holds its own
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Referendum, Sterling, UK, Uncategorised
- May 4, 2017
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Sterling held steady below seven-month highs against the dollar today after the results of a survey of Britain’s huge services sector, following stronger-than-expected data in a corresponding manufacturing survey. The PMI services came in at 55.8 higher than the expected 54.5, while the PMI composite came in at 56.0 ahead of expectations. Corresponding construction and […]
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UK Construction PMI beats expectations
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Prime Minister, Sterling, UK
- May 3, 2017
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UK Construction Purchasing Managers’ Index (PMI) came in better than expectations at 53.1 compared to polls expecting a reading of 52. Tuesday’s stronger-than-expected survey of the manufacturing sector gave the pound some buoyancy in the face of headlines that suggested Britain’s negotiations to leave the EU would be difficult. Today’s figures will help Sterling further. […]
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Sterling falls against Dollar & Euro
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Sterling, UK, Uncategorised
- April 4, 2017
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Sterling slipped against the dollar, euro and yen today, kept under pressure by uncertainty over the terms of Britain’s exit from the European Union and by doubts over how soon the Bank of England will start raising interest rates. For sterling, political risk has been in the driving seat for nine months, with the currency […]
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UK GDP as expected
- Posted by currencies in Brexit, Currency, Economy, EUR, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- March 31, 2017
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Sterling slipped against the dollar again, as investors readied for the European Union’s official response to Britain’s letter of exit from the bloc, as well the final verdict on Britain’s economic output last year. EU Council President Donald Tusk will send leaders of the other 27 member states his proposed negotiating guidelines for Brexit talks […]
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What will happen to Sterling once we trigger Article 50
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- March 28, 2017
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Sterling traded within a tight range today, outperforming other major peers against the dollar, apparently disregarding Britain’s looming formal launch of negotiations on leaving the European Union. British Prime Minister Theresa May will trigger Article 50 of the EU constitution with a formal notification of Britain’s intent to leave the bloc tomorrow, kicking off a […]
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Article 50 will be triggered this Wednesday
- Posted by currencies in Bank of England, Brexit, Currency, EUR, GBP, Inflation, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- March 27, 2017
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It seems like a very long time ago that the UK public came out and voted to leave the EU, after all of the issues in the Houses of Commons and in the Supreme Court, finally on Wednesday we will see the PM begin the process of leaving the EU. Last week we did see […]
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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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Sterling steadies after recent boost
- Posted by currencies in Bremain, Brexit, Currency, Dollar, Economy, GBP, Inflation, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- March 22, 2017
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The pound flattened out today after hitting its highest levels in almost four weeks, speculation that the Bank of England will raise rates within the next year cooled by broader concerns about a Brexit-driven slowdown in the UK economy. Sterling has surged 3 percent in the past week, driven by a turnaround in the dollar […]
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UK inflation shoots past Bank of England target
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, GBP, Inflation, Mark Carney, Phillip Hammond, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- March 21, 2017
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British inflation last month shot past the Bank of England’s 2 percent target for the first time since the end of 2013 and looks set to climb further due to the Brexit hit to the pound and rising global oil prices. Consumer prices leapt by a stronger-than-expected 2.3 percent in annual terms, their biggest increase […]
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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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