Super Thursday – Rate Rise
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 2, 2017
- No Comments
Sterling steadied this morning, consolidating some chunky gains this week, especially against the euro, before a historic Bank of England policy decision where it is widely expected to raise interest rates for the first time in nearly a decade. With a rate hike virtually priced into the market, analysts would be keenly watching whether BoE […]
READ MORE
GBP/EUR at 3 month high
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 1, 2017
- No Comments
Sterling hit a 3-1/2-month high against the euro on today as investors focused on a Nov. 2 Bank of England policy decision they expect will produce the first interest rate hike in over a decade. Manufacturing purchasing managers survey (PMI) was released at 0930 GMT which came in at 56.3 beating expectations of 55.8 Figures […]
READ MORE
Bank of England Raise Rates?
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 31, 2017
- No Comments
Sterling consolidated gains today as the market geared up for a rate rise from the Bank of England this week when investors will analyse the bank’s statement for the future direction of interest rates. With continued Brexit uncertainty and a mixed bag of results for the British economy, the expected rate hike is likely to […]
READ MORE
Sterling down slightly against Euro
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 27, 2017
- No Comments
The British pound slipped against the dollar today, as investors looked cautiously ahead towards a Bank of England policy meeting next week which could see interest rates rise for the first time in over a decade. The market is priced for a hike after BoE rate-setters next meet on Nov. 2, but continued uncertainty over […]
READ MORE
UK 3rd Quarter growth beats estimate
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 25, 2017
- No Comments
Quarterly gross domestic product growth rose to 0.4 percent compared with 0.3 percent growth in the three months to June 2017, the Office for National Statistics said this morning. A poll of economists had pointed to growth of 0.3 percent. The vast services industry was behind the bulk of Britain’s economic expansion in the third […]
READ MORE
Dollar hits 2 week high
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 24, 2017
- No Comments
The dollar was trading near two-week highs against a basket of the other major currencies on Tuesday as speculation over who will be the next the chairman of the Federal Reserve continued. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was little changed at 93.75. President […]
READ MORE
Brexit negotiations are main sterling driver
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 23, 2017
- No Comments
Sterling exchange rates have been stuck in limbo due to comments made by EU officials following recent Brexit negotiations- fortunately, Donald Tusk (EU Council President) announced that recent comments made by Michel Barnier about Brexit talks hitting a “Deadlock” were over exaggerated and progression has been made between the UK & EU- Though this progress […]
READ MORE
Retail Sales Drop!
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 19, 2017
- No Comments
British retail sales suffered an unexpectedly sharp slowdown in September, dragging quarterly growth to its weakest annual rate since 2013, suggesting consumer demand remains uncertain as the Bank of England nears its first-rate rise in a decade. Retail sales volumes fell 0.8 percent in September, the Office for National Statistics said this morning, reversing a […]
READ MORE
UK Inflation hits a 5 year high
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 17, 2017
- No Comments
UK inflation rises to its highest level in 5 and a half years last month, according to official data released at 9:30am this morning that could make the Bank of England more likely to raise interest rates next month. Consumer prices last month were 3.0 percent higher than a year ago, the Office for National […]
READ MORE
Euro drops on stimulus speculation
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 16, 2017
- No Comments
The euro slipped this morning after posting its biggest weekly rise in a month as traders took profits, though markets were wary of chasing the currency lower before a European Central Bank policy meeting next week. With some political uncertainty in the form of an approaching deadline over Catalonia’s bid for independence and Austria’s election […]
READ MORE
