Article 50 : We wait for the EU response
- Posted by currencies in Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- March 30, 2017
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Sterling fell against the dollar, as investors awaited responses from European leaders and considered the forthcoming negotiations between Britain and the European Union, a day after Britain triggered its exit from the bloc. Yesterday, Prime Minister Theresa May formally began to take Britain out of the European Union in a divorce that will test the […]
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We trigger Article 50 today
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- March 29, 2017
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Sterling slipped to an eight-day low against the dollar today, just hours before Prime Minister Theresa May was due to trigger two years of negotiations to take Britain out of the European Union. Nine months after Britons voted to leave, May will notify EU Council President Donald Tusk that the UK really is quitting the […]
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What will happen to Sterling once we trigger Article 50
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- March 28, 2017
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Sterling traded within a tight range today, outperforming other major peers against the dollar, apparently disregarding Britain’s looming formal launch of negotiations on leaving the European Union. British Prime Minister Theresa May will trigger Article 50 of the EU constitution with a formal notification of Britain’s intent to leave the bloc tomorrow, kicking off a […]
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Article 50 will be triggered this Wednesday
- Posted by currencies in Bank of England, Brexit, Currency, EUR, GBP, Inflation, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- March 27, 2017
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It seems like a very long time ago that the UK public came out and voted to leave the EU, after all of the issues in the Houses of Commons and in the Supreme Court, finally on Wednesday we will see the PM begin the process of leaving the EU. Last week we did see […]
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Pound drops due to Brexit worries
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- March 24, 2017
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Sterling fell against the dollar and euro today, retreating from the previous session’s one-month highs, as investors braced for Britain’s beginning the formal process of leaving the European Union next week. An interview with Bank of England policymaker Gertjan Vlieghe in The Times also laid out the argument for the Bank looking through further rises […]
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UK Retail Sales better than expectations
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Retail Sales, Sterling, UK, Uncategorised
- March 23, 2017
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Sterling hit a one-month high against the dollar this morning, after UK retail sales data came in much higher than expected, soothing worries about weakening consumer sentiment in Britain as it prepares to leave the European Union. Sales volumes in February rose by 1.4 percent from January, beating the 0.4 percent increase forecast by a […]
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Sterling steadies after recent boost
- Posted by currencies in Bremain, Brexit, Currency, Dollar, Economy, GBP, Inflation, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- March 22, 2017
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The pound flattened out today after hitting its highest levels in almost four weeks, speculation that the Bank of England will raise rates within the next year cooled by broader concerns about a Brexit-driven slowdown in the UK economy. Sterling has surged 3 percent in the past week, driven by a turnaround in the dollar […]
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UK inflation shoots past Bank of England target
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, GBP, Inflation, Mark Carney, Phillip Hammond, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- March 21, 2017
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British inflation last month shot past the Bank of England’s 2 percent target for the first time since the end of 2013 and looks set to climb further due to the Brexit hit to the pound and rising global oil prices. Consumer prices leapt by a stronger-than-expected 2.3 percent in annual terms, their biggest increase […]
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US Dollar weakens for 4th day in a row
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- March 20, 2017
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Sterling rose to a three-week high against the dollar this morning, sales of the dollar after the G20 gave in to U.S. pressure and omitted a reference to protectionism pushing the greenback lower for a fourth day running. The dollar’s weakness has eased pressure on the pound as Prime Minister Theresa May prepares to launch […]
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Pound gains due to BoE leaning towards a rate rise
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Referendum, Sterling, UK, Uncategorised
- March 17, 2017
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The pound rose for the third day running against the dollar this morning for the first time since mid-January, drawing confidence from signs some at the Bank of England may be leaning toward a rise in interest rates to support the currency. Minutes from the Bank’s latest Monetary Policy Committee meeting shocked markets on Thursday […]
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