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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What does the general election mean for the pound?
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- April 21, 2017
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British PM, Theresa May surprised the markets on Tuesday morning by announcing a snap general election in June. The instant reaction to this was the Pound rising by around 3% across the board, which I am sure many of you were happy to see! Tuesday was, in fact, the best day Sterling has had since […]
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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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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 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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Sterling Bounces Slightly
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, GBP, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- March 15, 2017
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Sterling bounced back from a fall to eight-week lows this morning with dealers citing a weaker dollar, a poll showing Scots still favour remaining in the United Kingdom and signs that EU exit talks will not be triggered for another two weeks. The pound had sunk to its lowest since mid-January on Tuesday after Prime […]
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Sterling begins to slide as economic data comes out weaker than expected.
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- March 6, 2017
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Following the confirmation of Article 50 (March 15th) and the back and forth between the House of Commons & House of Lords last week, the only thing left to weaken off the Pound was economic data, and this was done on Friday morning after the release of UK PMI (Purchasing Manager Index) data. Since the […]
READ MOREHouse Of Lords Vote To Reject Brexit Bill
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, Inflation, Mark Carney, Sterling, UK, Uncategorised
- March 2, 2017
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The House of Lords voted 358 to 256 against the EU (Notification Of Withdrawal) Bill that is required for Theresa May to trigger Article 50 and begin the exit process. A majority of 102 members backed a Labour amendment to guarantee the rights of EU nationals who currently reside in the UK to remain after […]
READ MORESterling Has Best Week Since January
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- February 24, 2017
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Sterling slipped from a 2-week high to the dollar this morning but was still on track for its strongest week since January as concerns about politics in the United States and Europe took investors’ focus off immediate Brexit worries. Besides the Brexit bill making its way through Britain’s upper house of parliament, a week largely […]
READ MOREEuro Weakens as Le Pen Wins Latest Poll
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- February 22, 2017
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Sterling rose almost 1 percent against the euro today, to its highest in two months, after another opinion poll showing far-right French presidential candidate Marine Le Pen gaining ground hit the single currency. The poll suggests anti-EU nationalist Le Pen may have more chance of springing a surprise if she makes it through to the […]
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