Britain’s trade deficit hits a all time high
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 10, 2017
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British factories had their strongest two months of 2017 in July and August, suggesting the Bank of England remains on track to raise interest rates soon, but the deficit in trade in goods hit an all-time high. The data showed Britain’s economy remained in a low-growth gear in the third quarter after suffering its slowest […]
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Sterling suffered major blows last week
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 9, 2017
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Britain’s pound fell to four-week lows last week, amid growing uncertainty over Prime Minister Theresa May’s control of the leadership and strong U.S labour market data that boosted the dollar. Sterling was on track for its worst week in a year against the dollar and on a trade-weighted basis, after a more than 2 percent […]
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Sterling Outlook
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 6, 2017
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Market speculators are likely to keep their sterling positions steady this month, according to a plurality of respondents in a poll which predicted the currency will trade around where it is now against the euro and dollar in a year. Sterling was hammered after Britain’s decision to leave the European Union and is around 13 […]
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UK Services slighty above expectations
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 4, 2017
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The PMI showed growth in services activity unexpectedly sped up a little last month, compensating for weaker readings in the manufacturing and construction industries reported earlier in the week. Taking the three sector surveys together, Britain’s economy probably expanded at a quarterly rate of around 0.3 percent in the July-September period, matching its second-quarter performance, […]
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UK Construction hits a 14 month low
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 3, 2017
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British construction companies reported the sharpest fall in activity since just after June 2016’s Brexit vote, as new work dried up last month on concern over the economic outlook. The IHS Markit/CIPS construction purchasing managers’ index (PMI) sank to 48.1 in September from August’s reading of 51.1, far below all forecasts in a poll of […]
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Sterling down across the board this morning
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 2, 2017
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Sterling slipped to a near three-week low against the dollar today as investors focused on underlying weakness in the British economy and the governing Conservatives gathered for what could be a fraught party conference. Data on Friday showed gross domestic product growth slowed to 1.5 percent year on year in the second quarter while the […]
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UK GDP drops to 1.5%
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 29, 2017
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Britain’s economy recorded its weakest year-on-year growth since 2013 in the three months to the end of June, and the major services sector contracted in July, showing a possible loss of momentum as the Bank of England prepares to raise interest rates for the first time in a decade. Official data showed year-on-year gross domestic […]
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Sterling down against the Euro today
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 28, 2017
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Sterling was down against the Euro today after the Euro-area economic confidence surged more than economists forecast in September, giving European Central Bank policy makers more positive news to consider as they decide on the future of their bond-buying program. The index of industry and consumer sentiment increased to 113 in September from 111.9 the […]
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Euro slips to 1 year low
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 26, 2017
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The euro slipped to a one-month low on today after its worst day so far this year, as investors worried that months of coalition talks in Germany could weigh on the economy and would make closer euro zone integration difficult. German Chancellor Angela Merkel, who won a fourth term in elections on Sunday but now […]
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Euro Weaker after German Elections
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 25, 2017
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This morning’s exchange rates are listed at the bottom of this article. The prices are for indication only. Please contact us for live rates. The euro snapped a two-day rising streak and edged lower today after the German election results prompted some investors to lock profits into one of the most profitable currency trades of […]
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