Pound up against dollar & euro
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 15, 2018
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The dollar was pinned near one-week lows against a basket of major currencies today as concerns over trade protectionism and political turmoil in Washington continued to weigh. Investors continued to be concerned that growing trade tensions could act as a drag on the global economy after U.S. President Donald Trump sought to impose tariffs on […]
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Sterling gains after budget update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 14, 2018
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The pound has gained this morning as the dollar was dumped by investors as data showed U.S. consumer price inflation in February cooled and President Donald Trump said he had fired U.S. Secretary of State Rex Tillerson. British Finance Minister Philip Hammond gave his half-yearly economic update on the economy. Which was positive. Hammond upgraded […]
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UK Budget update today
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 13, 2018
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UK Chancellor of the Exchequer Philip Hammond will give his Spring Budget update today. Traditionally a major set-piece event, its importance has now been downgraded. The main Budget statement now takes place in the autumn and it has been promised that this afternoon’s speech will not contain any major changes to tax or spending. Instead, […]
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UK economic growth slows further
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 12, 2018
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British citizens stopped spending as much in February, giving the weakest start to the year since 2012, figures from payments company Visa showed, raising the prospects that the broader economy will slow in the first quarter of 2018. Visa said inflation-adjusted consumer spending in February was 1.1 percent lower than a year earlier, after a […]
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No Deal
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 9, 2018
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Sterling weakened against the Dollar yesterday on worries that Britain might not manage to clinch a transition deal with the European Union at a summit later this month. Even against a euro shaken by the cautious tone of the European Central Bank’s chief at a press conference after a policy meeting. ECB President Mario Draghi’s […]
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All eyes on the ECB meeting today
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 8, 2018
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Sterling hit a three-month low against the euro before recovering again, this happened as the release of the European Union’s draft guidelines for a future trade deal with Britain underlined the gap between the two sides as they negotiate a Brexit deal. Philip Hammond said that financial services should be at the heart of a […]
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Brexit negotiations control Sterling
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 7, 2018
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The UK focus is likely to be on developments in the Brexit negotiations. The EU-27 countries will discuss the European Commission’s draft guidelines on future EU-UK relations before European Council Donald Tusk’s press conference around 12:15GMT. The briefing follows last week’s release of the European Commission’s draft negotiating text and UK PM Theresa May’s speech. […]
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Sterling volatile after May’s speech
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 5, 2018
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The euro is lower this morning as results from Italy pointed to a far messier than expected outcome, with a strong showing for anti-establishment parties and no groupings looking strong enough to form a stable government. Prime Minister Theresa May urged the European Union on Friday to show more flexibility in talks on a future […]
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All eyes on May’s speech
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 2, 2018
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Sterling steadied close to a seven-week low against the dollar today, all eyes are on a speech from Prime Minister Theresa May on her plans for a trade deal with the European Union. May will in the early afternoon set out her vision for a Brexit deal. The prime minister, weak after losing her parliamentary […]
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UK – manufacturing better than expectations
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 1, 2018
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Sterling steadied this morning against the dollar after falling this week over worries Britain will not secure a Brexit transition deal, while traders waited for UK manufacturing data. Manufacturing came in higher than expectations of 55.0%. The data showed Manufacturing was up to 55.2% Also, this morning we had the UK Mortgage approvals data which […]
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