Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 11, 2017
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Sterling softened to near 10-day lows against the U.S. dollar on Tuesday as tepid consumption data and business surveys underlined the challenges facing the British economy. British households spent more money on food and other essentials last month but held back on less urgent purchases as they faced rising prices, two sets of industry figures […]
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Sterling suffers worst week
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 10, 2017
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Sterling steadied today after a batch of very poor monthly output readings drove it to its worst week in a month, casting doubt on the Bank of England’s surprise warnings that it is on the verge of raising borrowing costs. A strong U.S. payrolls report on Friday afternoon added to the pain for the pound […]
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UK Industrial & Manufacturing figures lower than expectations
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 7, 2017
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British manufacturing slipped unexpectedly in May, dragged down by a fall in car production that will add to questions about the economic outlook going into the second half of 2017, official data showed on Friday. Manufacturing output edged down by a monthly 0.2 percent, cancelling out its rise in April and disappointing against forecasts for […]
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Dollar Steadies, Sterling Drops
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- July 6, 2017
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The dollar steadied against its peers early this morning after the Federal Reserve’s policy meeting minutes took the wind out of its advance, with the market awaiting comments by central bankers and U.S. data for its next cues. The greenback had rallied earlier in the week after upbeat U.S. economic indicators lifted Treasury yields to […]
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Growth is services sector falls
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Phillip Hammond, Prime Minister, Sterling, UK, Uncategorised
- July 5, 2017
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Growth across British services companies fell to a four-month low in June and companies were their least optimistic in nearly a year, according to a survey that could disappoint Bank of England officials who want to raise interest rates. Although the survey suggested Britain’s economy recovered some momentum in the second quarter and probably expanded […]
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UK Data Disappoints Again
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- July 4, 2017
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Growth in Britain’s construction industry slowed in June, adding to signs that the economy might be struggling to regain much momentum after a lacklustre start to the year, a survey showed on this morning. The Markit/CIPS UK Construction Purchasing Managers’ Index fell to 54.8 from May’s 18-month high of 56.0, slightly below the median forecast […]
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50% chance of a UK rate rise
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- July 3, 2017
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The pound recorded its best weekly performance against the dollar in almost eight months last week. It climbed almost 2.5 percent to reach as high as $1.3030 after BoE Governor Mark Carney said a rate rise was likely to be needed as the economy came closer to running at full capacity, and that the Bank […]
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Pound Rebounds
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Phillip Hammond, Prime Minister, Sterling, UK, Uncategorised
- June 30, 2017
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Sterling hit a six-week high above $1.30 today, close to its highest levels in nine months, on bets that British interest rates could be hiked in the coming months. The pound has risen around 3.5 percent against the dollar since the start of April — its best quarterly performance in two years and its second […]
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Pound hits $1.30 after positive UK Data
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- June 29, 2017
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Sterling climbed close to $1.30 today, hitting its highest since before Britain’s parliamentary elections, as investors brought forward their expectations for when the Bank of England would begin to tighten monetary policy. BoE Governor Mark Carney said on Wednesday that a rise in interest rates was likely to be needed as the economy comes closer […]
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Sterling drops to 7 month lows against Euro
- Posted by currencies in Bank of England, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- June 28, 2017
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Sterling hit a seven-month low to the euro this morning, losing ground to renewed strength in the single currency after European Central Bank President Mario Draghi hinted the days of the bank’s stimulus programme are numbered. Compared to a recovery against the dollar after its 2 percent drop following the British elections, the pound has […]
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