Market Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 29, 2018
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With few prospects now of a deal on Britain’s future EU ties in time for the EU’s October summit, any clues that Brexit Minister Dominic Raab can give in parliament today on its timing will be scrutinised. He will appear at a rare mid-recess session of the upper house’s EU Committee as concerns mount that […]
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Theresa May’s Comments Sink The Pound
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 28, 2018
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Growing concerns about a “no-deal” Brexit pushed the pound to a near one-year low against the euro today. Mainly we have seen this drop as Prime Minister Theresa May has said that failing to secure a deal with the European Union before Britain leaves the bloc next year “wouldn’t be the end of the world”. […]
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Positive UK Data Having Zero Impact On Sterling Value
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 24, 2018
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The British pound slipped against the euro to within a whisker of its weakest since September 2017, hurt by a rally in the single currency and concerns about whether Britain can secure itself a trading deal with the European Union. Sterling has had a tough month so far, hit by concerns Britain could crash out […]
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Government Step Up Planning For A No-Deal Brexit
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 23, 2018
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Sterling fell again this morning as the government stepped up planning for a no-deal Brexit, reviving concern among investors about what would happen to the currency if Britain left the European Union without having agreed new trade arrangements. With less than eight months until the March 29 exit day, diplomats in Brussels say they expect […]
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Trump Comments Weaken US Dollar
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 22, 2018
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The pound rose towards a two-week high this morning after the dollar fell following comments from U.S. President Donald Trump that he was unhappy with the Federal Reserve for raising interest rates. Sterling has recovered in recent sessions from a 14-month low, rising two cents from $1.2662 plumbed last week, helped by dollar weakness and […]
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Raab In Brussels For Two More Days Of Negotiations
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 21, 2018
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Sterling has continued to be under pressure and is still near the 14-month lows reached last week on concerns about forthcoming talks that may decide whether Britain gets a trade deal with the EU before it quits the bloc. The pound has suffered six straight weeks of losses against the dollar, its worst run since […]
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Brexit worries continue to weaken Sterling
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 20, 2018
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Worries about whether Britain can agree a trade deal with the European Union over coming months to avoid a sudden and disorderly exit from the bloc continue to keep most economists cautious about any sustained Sterling strength. With most of the month’s UK economic data out of the way, the focus will shift back to […]
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Positive UK Data This Morning
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 10, 2018
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Britain’s economy picked up some speed in the second quarter after a sharp winter slowdown earlier in the year but lost momentum in June, official data showed this morning. Gross domestic product expanded 0.4 percent in the April-June period, as expected in poll of economists. Britain’s economy slowed after the 2016 Brexit vote and is […]
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Sterling Weakness Continues
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 9, 2018
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The likelihood Britain crashes out of the European Union without a trade deal has increased, an outcome that would hurt an already weak pound, according to economists and foreign exchange strategists. Bank of England Governor Mark Carney said on Friday Britain faces an “uncomfortably high” risk of leaving the EU with no deal, while on […]
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Pound Hits a 9 month low
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 8, 2018
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Sterling slid to a nine-month low against the euro on Wednesday as investors sold the currency fearing Britain could soon leave the European Union without securing a trade deal. Sterling has slumped recently due to traders hedging against what they see as the growing chances of the currency plummeting if Britain crashes out of Europe […]
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