Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, No Deal, Prime Minister, Sterling, UK, Uncategorised
- February 24, 2020
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Sterling rebounded towards the end of last week due to better than expected Retail Sales in January. The main factor behind the increase was the horrendous weather in the UK most likely prompting consumers to panic buy essentials. Moving forward this could contribute to an improvement in UK Inflation figures which is a key focus […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, No Deal, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- February 21, 2020
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Pound Sterling has dropped to a three month low against the Greenback on Thursday as the U.S. currency’s has out performed undoing the recent pound gains that were driven by the appointment of a new British finance minister Rishi Sunak. Since the high of 1.3070 after the appointment of Sunak the pound has now lost […]
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Pound Recovers From Recent Losses
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- February 13, 2020
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The GBP has recovered recent losses against the Euro and US Dollar with the key focus todays cabinet reshuffle. PM Boris Johnson will have capabilities to refresh his team ahead of trade talks with the EU. This could have a high impact on the Pound as this coming year, all eyes are on the trade […]
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UK Economy Shows Zero Growth
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, No Deal, Prime Minister, Sterling, Uncategorised
- February 11, 2020
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Britain’s economy flatlined in the last three months of 2019 with the country in deadlock over Brexit. Official figures showed zero growth in the fourth quarter compared with the July-September period. In annual terms, growth was 1.1%, a level last seen at the start of 2018. The last time growth was weaker for a calendar […]
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Market Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, Fed, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- February 7, 2020
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Sterling continues to extended losses on as concerns about negotiations between Britain and the European Union for a trade deal continued to create a sense of uncertainty. Yesterday’s moves were part of a broader trend downward. The pound is 2% lower against the dollar this week after Prime Minister Boris Johnson said Britain does not […]
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Market Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- February 4, 2020
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The pound dropped to a six-week low against a broadly firmer dollar, as Prime Minister Boris Johnson’s tough stance on European Union trade talks renewed concern that a deal may not be reached by the end of a transition period. The EU and Britain clashed over a post-Brexit trade deal yesterday, with the two sides […]
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Sterling Falls Sharply
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, election, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- February 3, 2020
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Sterling fell sharply this morning Boris Johnson set out tough terms for European Union talks, bringing back fears Britain would reach the end of an 11-month transition period without agreeing a trade deal. The sides have until the end of the year, when a standstill transitional period expires, to secure a deal on trade and […]
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Rate Decision At Midday
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, No Deal, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- January 30, 2020
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President Donald Trump’s pitch to the Federal Reserve to cut US interest rates has been denied as Interest Rates stay put. Trump believes the central bank should cut its key lending rates to align more with its global peers. US Federal Reserve have decided to keep Interest Rates unchanged as widely expected. Fed Reserve Chairman […]
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Interest Rate Cut On Thursday – 50/50
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, Mark Carney, No Deal, Prime Minister, Rate Cuts, Referendum, Sterling, UK, Uncategorised
- January 28, 2020
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Sterling has weakened against the Euro this morning alongside dropping to a one week low against the USD. Main reasons being the concern about Britain’s future relationship with the EU has started to impact the exchange rates. The pound is also volatile ahead of Thursday’s potential interest rate cut by the Bank of England The […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, Fed, GBP, No Deal, Rate Cuts, Sterling, UK, Uncategorised
- January 24, 2020
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ECB left policy and guidance unchanged at today’s meeting. the European central bank’s new President Christine Lagarde reaffirmed that the current performance of the EU economy justifies the need for negative interest rates. The euro was 0.32% lower against the US Dollar at 1.1055, dropping as 1.1037, its weakest it has been since December 2nd. […]
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