Sterling continues to slide
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 11, 2018
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Sterling extended the previous two days’ losses today as a struggling retail sector and a widening trade deficit raised concerns among some investors that the currency’s recent gains could be overdone. The British currency fell to a two-week low in early trades, with some market analysts saying the pound’s decline this week opens the door […]
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Upbeat UK data this morning
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 10, 2018
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This morning we had the UK manufacturing and industrial production data released and both beat estimates. The GBP/USD pair maintained its offered tone for the second consecutive session, albeit managed to bounce off few pips from lows after mixed UK releases. The pair managed to recover around 15-20 pips from the 1.3500 neighbourhood and was […]
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May’s reshuffle was a shambles
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 9, 2018
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British Prime Minister Theresa May’s leadership team shake-up, designed to restore her authority and address divisions over Brexit, was branded a shambles after one minister quit and media reported another had refused to move jobs. May had hoped to reset her agenda and strengthen her hand as Britain moves to the second phase of talks […]
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Morning Report
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 8, 2018
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British house prices unexpectedly fell in December compared with November, their first decline in six months, mortgage lender Halifax said on Monday, adding to signs of weakness in the country’s housing market since the 2016 Brexit vote. British Prime Minister Theresa May said that she would announce changes to her ministerial team soon, with media […]
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Steady Sterling for 2018
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 5, 2018
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The British pound is set to mostly hold steady against both the dollar and the euro this year, but much will hinge on progress in Britain’s talks with Brussels on its withdrawal from the European Union. Currency strategists weren’t brimming with optimism on how the next stage of talks will go, but most do not […]
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Sterling slips off this morning
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 4, 2018
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The British Pound became one of the worst performing majors this morning in the early trading session as more sour news related to the UK crossed the wires. Earlier on Wednesday, the IMF downgraded its prediction for economic growth in this country to 1.6% this year from 1.7%. GfK consumer confidence clocked in at -13 […]
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Dollar weakens while Euro gains
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 3, 2018
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Sterling held near a three-month high of $1.36 today, as traders paused ahead of a survey of Britain’s construction sector. the pound was trading flat amid broad general dollar weakness after recording its best annual performance against the dollar last year since 2009, with an almost 10 percent rise. A purchasing managers’ index (PMI) for […]
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Sterling starts the year positively
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 2, 2018
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Sterling kicked off the first trading day of 2018 by climbing to a three-month high against the dollar this morning as the greenback weakened broadly, ahead of a survey of Britain’s manufacturing sector. The pound, which in 2017 recorded its best annual performance against the dollar since 2009, with an almost 10 percent rise, added […]
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Dollar weakness continues
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 29, 2017
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The dollar continued to fall against other major currencies on Friday, the last trading day of the year. Trading volumes are expected to remain thin ahead of the New Year’s Day holiday weekend. The US Dollar Index which measures the greenback’s strength against a trade-weighted basket of six major currencies was down 0.27% The greenback […]
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British businesses reported a pickup in growth
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 28, 2017
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British businesses reported a pickup in growth in the three months to December, but they expect a slowdown in early 2018 as high inflation takes its toll on households, the Confederation of British Industry said this morning. British inflation hit its highest level in nearly six years in November when it rose to 3.1 percent, […]
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