Pound – Biggest fall since start of November
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 5, 2017
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Good Morning All, This morning we have seen the pounds biggest fall since the start of November due to very disappointing news around Brexit talks. Sterling fell over 0.7% against the Dollar and the Euro. Prime Minister Theresa May failed to clinch a deal on Monday to open talks on post-Brexit free trade with the […]
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UK Manufacturing beats expectations
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 1, 2017
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Sterling got a brief boost on Friday as data showed British factories enjoyed their best month in more than four years in November, suggesting manufacturing will give a boost to the sluggish economy going into 2018. The monthly survey of purchasing managers in the manufacturing sector (PMI) jumped to 58.2 from an upwardly revised 56.6 […]
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Dollar weakens – UK GDP as expected
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 23, 2017
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The dollar is currently at a one-month low against other major currencies today, as the minutes of the Federal Reserve’s most recent policy meeting continued to weigh on the greenback. Trade volumes were expected to remain thin ahead of the today’s U.S. Thanksgiving holiday. The greenback weakened after the minutes of the Fed’s latest meeting […]
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Brexit talks look optimistic for the pound
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 22, 2017
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Theresa May met with senior members of her ministerial team on Monday amid expectations that she will offer the European Union more than she committed to during a speech in Florence in September that failed to provide a breakthrough in the stalled negotiations. Media reports said ministers had agreed to make a financial offer that […]
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Pound gains against a weakening Euro
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 21, 2017
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The euro continues to weaken this morning, continuing from yesterday’s biggest fall in nearly a as investors shrugged aside concerns of any fallout from the German political deadlock for now. Elsewhere, the dollar stuck close to a one-week high against a basket of currencies. The U.S. data calendar is relatively sparse ahead of the Thanksgiving […]
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UK Wage Data Released
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 15, 2017
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This morning we have had a lot of data released surrounding wage growth, claims and unemployment rates in the UK. The results of the data showed us that a number of people in the UK working actually dropped to a level lower than we have seen in the last 2 years. This shows the pressure […]
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Pound suffers due to parliament uncertainty
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 13, 2017
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Sterling dropped off this morning after media reports on the weekend that Theresa May is struggling with her party at a time when Brexit talks are at a critical point. The pressure on the pound came as it was said the 40 members of parliament have no confidence in the prime minister and this could […]
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UK Data surprisingly better than expectations
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 10, 2017
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The pound recouped some of yesterday’s losses this morning as the Manufacturing and Industrial data came in slightly stronger than expectations this morning. Surprisingly the industrial data increased at its fastest pace over the last month also the trade balance data came in stronger. However, there was a big downturn with the data from the […]
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Sterling outlook is gloomy
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 9, 2017
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The pound was up a little this morning as there are expectations that the Bank of England will eventually tighten their policies thus protecting the pound from the current conservative government. We had seen two resignations from members of the current government in just over a week. This has dented the confidence that the conservatives […]
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Pound recovers after big losses
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 6, 2017
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Sterling rebounded modestly after its biggest one-day fall since the week after June 2016’s Brexit vote, with robust services data barely cushioning the blow from the Bank of England’s pushing-back of rate hike expectations on Thursday. Despite the Bank raising rates for the first time in over a decade, it also told markets to expect […]
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