US Dollar Strenthens
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- February 28, 2018
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Sterling slightly fell this morning as investors are very cautious before the publication of a first EU draft of a withdrawal treaty. EU negotiator Michel Barnier accused the British government on Tuesday of clinging to “illusion” while time runs out for a Brexit deal to avoid massive disruption when Britain leaves the European Union next […]
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Big day for dollar
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- February 27, 2018
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The dollar dipped against most majors this morning as investors awaited Federal Reserve Chairman Jerome Powell’s first congressional testimony later in the day. Any indications the Fed is leaning towards raising interest rates at a faster than expected pace this year could determine whether the dollar’s recovery from recent three-year lows still has further to […]
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Euro could weaken further
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- February 26, 2018
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Sterling rose this morning after comments from the once-dovish Bank of England deputy governor reinforced the view that the bank would soon raise rates, while the opposition Labour party’s support for a customs union after Brexit added to the optimism. British opposition leader Jeremy Corbyn is due later today to support staying in a customs […]
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Euro weakness, Sterling on the rise
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- February 23, 2018
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The euro has weakened this morning and is set to post its second-biggest weekly loss in nearly four months as investors trim positions before a big week for global currency markets from a European politics perspective. The outcome of the Italian general election is due on March 4 and the German Social Democrats poll of […]
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Sterling Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- February 22, 2018
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The US Dollar strengthened last night, this was after the Fed meeting showed policymakers are confident in rising inflation and the need for interest rates to keep increasing. The minutes also showed voting members, as well as the wider group of policymakers, had upgraded their forecasts for the economic outlook since December. A bit of […]
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UK unemployment rises
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- February 21, 2018
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So far this week the best performers have been Sterling and the US Dollar. Sterling gained yesterday after a rumour that the EU may be open to a deal after Brexit, whereas the Dollar gained from the recent lows we have seen. Today is a busy day regarding economic data releases, we had the UK […]
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Sterling lower against the Dollar
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, David Cameron, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- February 20, 2018
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Sterling edged lower against the dollar and euro yesterday, holding off 10-day highs hit last week, as traders awaited key wages data due on Wednesday for clues to the pace of monetary tightening from the Bank of England. Markets have moved to price in an interest rate hike in May, but such tightening will hinge […]
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Dollar fights back
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- February 19, 2018
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The dollar enjoyed a small rebound today as investors bought back the greenback following its plunge to three-year lows. The U.S. currency has been hurt by a variety of factors this year, including concerns that Washington might pursue a weak dollar strategy and the perceived erosion of its yield advantage as other countries start to […]
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UK Retail Sales expanded 0.1% MoM
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- February 16, 2018
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Sterling gave away part of its initial gains today following the release of January’s retail sales in the UK. Overall, retail sales volumes rose 0.1 percent on the month, below economists’ forecasts in a Reuters poll for a monthly rise of 0.5 percent, after dropping 1.4 percent in December. Even in year-on-year terms, there was […]
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Pound above $1.40
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- February 15, 2018
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Sterling rose against the dollar today, cementing gains on the back of a broadly weakened dollar, with traders eyeing earnings data next week to give the pound fresh momentum. After a strong start to the year on the back of growing expectations that the Bank of England will raise rates faster than previously thought, and […]
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