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
- No Comments
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. […]
READ MORE
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
- No Comments
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 […]
READ MORE
Continuing Trend – Pound Drops Further
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Referendum, Retail Sales, Sterling, UK, Uncategorised
- July 9, 2019
- No Comments
The British pound fell further this morning amid worries about the threat of a no-deal Brexit under the next prime minister and a deteriorating UK economy. In the latest sign of economic weakness, sales at British retailers rose at their slowest average pace on record over the past year, a survey from the British Retail […]
READ MORE
Sterling Predictions
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Home, Mark Carney, Referendum, Sterling, UK, Uncategorised
- July 5, 2019
- No Comments
Sterling would rally substantially if Britain leaves the European Union with a deal but weaken further if no we leave without. After suffering its biggest loss against the euro in two years in May – and also losing ground against the dollar – the pound coasted through June as markets awaited the outcome of a […]
READ MORE
Worst UK Construction Data In 10 Months
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Referendum, Sterling, UK, Uncategorised
- July 2, 2019
- No Comments
Sterling fell to a two-week low versus the dollar as a broadly resurgent dollar sapped appetite for the British currency after the United States and China agreed at a G20 summit in Japan to restart trade talks. That deal came after U.S. President Donald Trump offered concessions to his Chinese counterpart Xi Jinping when the […]
READ MORE
GBP Hits 10 Day Low Vs USD
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- July 1, 2019
- No Comments
Sterling fell on Monday to a 10-day low against the stronger dollar after the United States and China agreed at the G20 summit in Japan to restart trade talks. The pound slipped 0.3%, bringing losses since early-May to about 4.5%. Against the euro, however, sterling firmed to approach one-week highs. The currency had fallen to […]
READ MORE
Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Mark Carney, Prime Minister, Rate Cuts, Referendum, Sterling, UK, Uncategorised
- June 27, 2019
- No Comments
Bank of England Governor Mark Carney said the BoE would only factor the possibility of a no-deal Brexit into its economic forecasts if Britain’s next prime minister decides to leave the European Union without a transition agreement. Last week, the BoE highlighted a disconnect between the “smooth” Brexit scenario that underpins its forecasts and the […]
READ MORE
Dollar Gains After Fed Comments
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Mark Carney, Prime Minister, Rate Cuts, Referendum, Sterling, UK, Uncategorised
- June 26, 2019
- No Comments
The dollar this morning as expectations dwindled for aggressive cuts in U.S. interest rates after comments by Federal Reserve officials. Fed Chairman Jerome Powell stressed the central bank’s independence from U.S. President Donald Trump, who is pushing for rate cuts. St. Louis Fed President James Bullard, considered one of the most dovish U.S. central bankers, […]
READ MORE
Analysts Expect Pound Could Drop To 1.08 By Year End
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Referendum, Sterling, UK, Uncategorised
- June 25, 2019
- No Comments
The pound will tumble to levels not seen since 2017 against the euro as Brexit turmoil outweighs a dovish European Central Bank, according to analysts. Sterling is likely to slide toward 1.0870 against the euro by year-end, about 3% below current levels and a rate not seen in 21 months, according to JPMorgan Chase & […]
READ MORE
Theresa May Quits
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Retail Sales, Sterling, UK, Uncategorised
- May 24, 2019
- No Comments
British Prime Minister Theresa May said in a statement that she resigns, triggering a contest that will bring a new leader to power who is likely to push for a more decisive Brexit divorce deal. May set out a timetable for her departure: She will resign as Conservative Party leader on June 7 with a […]
READ MORE
