Pound Decline Continues
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- March 10, 2017
- No Comments
Manufacturing output fell by 0.9 percent in January, a bigger decline than the 0.6 percent fall forecast. Overall industrial output fell 0.4 percent in January. Britain’s manufacturing sector struggled to grow much in recent years but has shown signs of a pick up recently, possibly helped by the fall in the pound after voters decided […]
READ MORE
Fresh New Lows For Pound
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Phillip Hammond, Prime Minister, Referendum, Retail Sales, Sterling, UK, Uncategorised
- March 9, 2017
- No Comments
Sterling slipped even lower today, as investors brushed off the finance minister’s budget statement the previous day as largely a “non-event” that would do little to boost growth in Britain as it prepares to leave the European Union. While Philip Hammond announced a rise in official growth forecasts for this year and cut predicted rates […]
READ MORE
Sterling Continues Decline – Budget Today 12:30 GMT
- Posted by currencies in Bank of England, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Phillip Hammond, Prime Minister, Sterling, UK, Uncategorised
- March 8, 2017
- No Comments
Sterling fell to a seven-week low today ahead of a British budget expected to raise economic forecasts but remain thrifty as Chancellor of Exchequer Philip Hammond targets curbing a big fiscal deficit. Hammond is due to announce his tax and spending plans for the year at 1230 GMT, in Britain’s first full budget statement since […]
READ MORE
Sterling Hits 7 Week Low Against Euro & Dollar
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- March 7, 2017
- No Comments
Sterling slips to a seven-week low against the euro, weakened by uncertainty over when the formal mechanism for Britain’s departure from the European Union would be triggered, as well as a run of weak UK data. The British parliament’s upper house will today try to force the government to give lawmakers a greater say over […]
READ MORE
Sterling begins to slide as economic data comes out weaker than expected.
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- March 6, 2017
- No Comments
Following the confirmation of Article 50 (March 15th) and the back and forth between the House of Commons & House of Lords last week, the only thing left to weaken off the Pound was economic data, and this was done on Friday morning after the release of UK PMI (Purchasing Manager Index) data. Since the […]
READ MORETheresa May Will Trigger Article 50 On 15th March
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- March 3, 2017
- No Comments
Yes, you read that correctly, it is finally going to happen! For those of you who haven’t seen the latest from the House of Lords, Theresa May was defeated after the House stated that Ministers should guarantee EU national’s the right to stay in the UK after Brexit. The House of Lords has now passed […]
READ MOREHouse Of Lords Vote To Reject Brexit Bill
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, Inflation, Mark Carney, Sterling, UK, Uncategorised
- March 2, 2017
- No Comments
The House of Lords voted 358 to 256 against the EU (Notification Of Withdrawal) Bill that is required for Theresa May to trigger Article 50 and begin the exit process. A majority of 102 members backed a Labour amendment to guarantee the rights of EU nationals who currently reside in the UK to remain after […]
READ MOREWeak UK Economic Numbers Today
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, Prime Minister, Sterling, UK, Uncategorised
- March 1, 2017
- No Comments
Another slightly weaker than expected batch of economic numbers, this time on manufacturing sentiment, prodded the pound a touch lower against a broadly stronger dollar this morning, crimping its gains against the euro to a quarter of a percent. Sterling has been struggling in the face of figures in the past fortnight suggesting the UK […]
READ MOREPound Suffers Due To Second Scottish Referendum News
- Posted by Shyam Gokani in Bank of England, Brexit, Dollar, Economy, EUR, GBP, Inflation, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 28, 2017
- No Comments
Sterling traded close to a two-week low against the dollar today as investors awaited a speech by U.S. President Donald Trump, with the pound kept under pressure by worries about the future of Britain as it leaves the European Union. The pound fell to lows on Monday, its weakest in a fortnight, on reports that […]
READ MORESterling Devalues Due To Fresh Uncertainty
- Posted by Shyam Gokani in Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 27, 2017
- No Comments
Sterling fell against major currencies this morning, as the prospect of another Scottish independence vote and signs a major merger was unlikely to go through renewed fears about Britain’s future as it prepares to leave the European Union. A report in the Times newspaper said British prime minister Theresa May is preparing for Scotland to […]
READ MORE
