Pound Soars After Cabinet Reshuffle
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Home, Prime Minister, Sterling, UK, Uncategorised
- February 14, 2020
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British Prime Minister forced the resignation of Sajid Javid as finance minister on Thursday after Javid refused to sack his advisers and replace them with officials from Johnson’s Downing Street office. The currency climbed to as high as GBP/USD 1.3069, up from around 1.2988 before the news was released. Also, against the Euro the pound […]
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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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Pound Weakness Continues
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 10, 2020
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GBP has again experienced weakness against both EUR & USD after weekend reports that Brexit talks could break down as early as April. One of the main factors is the arm-wrestle negotiations on British Fishing Waters and the access the EU want. Countries like Spain, France, Holland, Belgium & Ireland all currently have access to […]
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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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Boris to reshuffle Cabinet next week
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- February 6, 2020
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Boris Johnson is expected to reshuffle his Cabinet next Thursday or Friday in a move that could have a major impact on the upcoming UK-EU post Brexit negotiations. This could be important for Sterling trades, who need to weigh up carefully whether the new ministers are likely to take a hard line or a softer […]
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Sterling Rebounds
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, EUR, GBP, Referendum, Sterling, UK, Uncategorised
- February 5, 2020
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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 […]
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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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