UK Services slowed due to bad weather
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 5, 2018
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The weather over the last month had a big impact on British services businesses, which grew at the slowest rate since just after the vote to leave the European Union in June 2016, a survey showed earlier today. The IHS Markit/CIPS services Purchasing Managers’ Index (PMI) tumbled to 51.7 in March from February’s reading of […]
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UK Construction lower than expected
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 4, 2018
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Sterling was on track for its fourth consecutive day of gains against the dollar on Wednesday as traders paused ahead of a survey of Britain’s construction sector. However, the construction data came in worse than expected at 47.0 compared to an expected 51. The pound did not lose ground on the back of this result […]
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Sterling gains as dollar continues to weaken
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 3, 2018
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Sterling gained this morning as the dollar fell and data showed British manufacturing gaining a little bit of momentum ahead of an expected interest rate rise in May. Manufacturing growth in Britain cooled to a one-year low in the first quarter of 2018, according to a survey on Tuesday that suggested the economy remains on […]
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Dollar Recovers
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 29, 2018
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Britain’s current account deficit was revised down sharply on Thursday by the country’s statistics office in a set of data which also confirmed the economy slowed slightly in late 2017. The current account deficit stood at 18.4 billion pounds in the fourth quarter, much lower than a median forecast of a shortfall of 24 billion […]
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Sterling recovers from recent losses
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 28, 2018
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Yesterday the most volatile currency in the market was the pound, with GBPUSD dropping sharply before recovering, perhaps on the back of news that the UK will offer a resolution soon on the Irish border issue sooner rather than later. The euro consolidated gains on Wednesday after hitting a six-week high in the previous session […]
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Euro gains as dollar weakens
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 27, 2018
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The euro rose to a new five-week high this morning, mainly due to dollar weakness prompting investors to put their money into the Eurozone. Global markets were shaken this month after U.S. President Donald Trump moved to impose tariffs on Chinese goods and Beijing threatened similar measures. Comments from Jens Weidmann, Germany’s likely candidate to […]
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Sterling up after May rate rise on the cards
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 26, 2018
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The pound rallied last week after Britain secured itself a Brexit transition deal with the European Union, official data showed British workers’ wages growing at their fastest rate in nearly 2-1/2 years and the BoE confirmed its hawkish tilt. On Friday, a policy member Vlieghe indicated that the bank base rate would need to rise […]
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Pound hits 7 week highs
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 22, 2018
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The pound to a 7-week high this morning as for the Bank of England meeting at which the central bank is expected to talk up a rate rise in May. The pound, helped by a dollar that weakened overnight following the U.S. Federal Reserve meeting, has rallied this week after the European Union and Britain […]
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UK wage data beats expectations
- Posted by currencies in Uncategorised
- March 21, 2018
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The pound rose this morning after the latest UK jobs report showed that wage growth picked up, fuelling expectations for a rate hike by the Bank of England, possibly as soon as May. The Office for National Statistics reported that average earnings, including bonuses, rose by 2.8% from 2.6% a month earlier. Excluding bonuses, average […]
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UK Inflation lower than expected
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 20, 2018
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The British pound dropped off slightly after data showed UK inflation slowed more than forecast in February, the first in a series of economic reports due during a week when the Bank of England is expected to signal interest rates will rise as early as May. Britain’s agreement with the European Union on Monday for […]
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