Dollar Strengthens As Sterling Drops Off
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Phillip Hammond, Prime Minister, Sterling, UK, Uncategorised
- July 23, 2019
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The dollar edged to a two-week high versus its rivals this morning after U.S. President Donald Trump and congressional leaders reached a deal on Monday on a two-year extension of the debt limit, dousing fears of a government default later this year. The dollar’s gains were capped in a broadly rangebound currency market as investors […]
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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
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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. […]
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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
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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 […]
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Sterling Hits 2 Year Low
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Mark Carney, Prime Minister, Rate Cuts, Retail Sales, Sterling, UK, Uncategorised
- July 10, 2019
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Sterling fell towards its lowest levels in more than two years on Tuesday against the backdrop of a worsening economic outlook and rising fears about a no-deal Brexit and a new Prime Minister. With a key US$1.25 level against the dollar giving way in early Asian trade, traders quickly pushed the British currency down half […]
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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
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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 […]
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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
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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 […]
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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
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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 […]
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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
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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 […]
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Pound Falls To 5 Month Lows
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- June 28, 2019
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The British Pound fell to a 5-month low this morning as investors continued to fear the possibility of a no-deal Brexit should Boris Johnson win the Conservative party leadership race. Against the euro the British currency fell 0.2%, to its weakest level since Jan. 11. Sterling has now lost 5% of its value versus the […]
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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
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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 […]
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