Sterling Drops To 4 Month Lows
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, election, EUR, GBP, Referendum, Sterling, UK, Uncategorised
- March 3, 2020
- No Comments
Pound sterling has now hit a four and a half month low wiping out the gains we have had after the signing of the Brexit deal and massive election victory in the space of five days going from highs of 1.20 on the Euro down to now 1.1438. The main reason being is that investors […]
READ MORE
Pound Plummets
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 27, 2020
- No Comments
GBP The Pound fell due to renewed speculation of a delay of the March budget which comes in addition to mounting coronavirus concerns and is further encouraging markets to price in a Bank of England rate cut in the coming months. The government could now put off plans to increase its spending due to uncertainty […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Rate Cuts, Referendum, Retail Sales, Sterling, UK, Uncategorised
- February 20, 2020
- No Comments
The Pound has retraced against the Euro proving that the rate is uncomfortable above 1.20 against the Euro and 1.30 against the USD. Due to ongoing concerns that the EU and the UK are moving further apart within the trade talks. Many analysts have mentioned that we cannot rule out a no-deal Brexit by the […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Message, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 18, 2020
- No Comments
The number of people in work in Britain rose in the last three months of 2019, according to data which underscored how the labour market defied a slowing of the broader economy ahead of December’s election. The number of people in work jumped by 180,000 to 32.934 million, at the top end of forecasts in […]
READ MORE
Sterling Rebounds
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, EUR, GBP, Referendum, Sterling, UK, Uncategorised
- February 5, 2020
- No Comments
GBP recovered from six-week lows to bounce back above 1.18 against the EUR and 1.30 against the USD off the back of better than expected Construction PMI for January. Positive U.S data continued with December Factory Orders comfortably beating expectations. This followed another positive day on Monday with Manufacturing data also beating expectations. However, any […]
READ MORE
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
- No Comments
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 […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, Fed, GBP, Mark Carney, No Deal, Prime Minister, Referendum, Retail Sales, Sterling, UK, Uncategorised
- January 20, 2020
- No Comments
Last week Retail Sales figures disappointed coming out weaker at 0.7% against the anticipated 3% rise. Large name retailers across the UK have stressed that December’s sales were the worst they had seen in years. Throughout last week Sterling had the worst performance out of all the major currencies. Moving onto the upcoming week it […]
READ MORE
Pound tumbles after hard Brexit fears resurface
- Posted by currencies in Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- December 18, 2019
- No Comments
Britain’s pound tumbled , erasing its post-election gains, after news that Prime Minister Boris Johnson planned to take a hard line in Brexit talks with the European Union dashed hopes of an end to Brexit uncertainty. In his boldest move since winning a large majority in last Thursday’s election, Johnson will use the prospect of […]
READ MORE
Rates Steady After TV Debate
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- November 20, 2019
- No Comments
Sterling was slightly weaker against the dollar and largely flat versus the euro this morning, showing little immediate reaction to a debate between the leaders of Britain’s two main political parties ahead of next month’s election. Prime Minister Boris Johnson doubled down on his Brexit promises, saying only he could take Britain out of the […]
READ MORE
Pound Boosted By Election News
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- November 12, 2019
- No Comments
Sterling was a big mover yesterday, jumping to a six-month high against the euro after the UK’s Brexit Party leader Nigel Farage said the party would not field candidates in next month’s election against PM Boris Johnson’s Conservative Part in seats where the latter already had a majority. That gave Johnson a better chance of […]
READ MORE
