No Deal Brexit looks likely
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 6, 2018
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The pound sank to its lowest in nearly three weeks following a stronger dollar and comments by officials suggesting Britain could crash out of the European Union next year without securing a trade deal. The UK trade minister Liam Fox, a prominent Brexit supporter, said over the weekend the odds of Britain leaving the EU […]
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Will The UK Raise Rates Today?
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 2, 2018
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With the FOMC meeting out of the way, and no surprises from Powell and co., our attention shifts to the Bank of England (BoE). Today’s Quarterly Inflation Report is particularly interesting, given a range of potentially market-moving dynamics are in play. Since the BoE’s decision to stand pat in May, Analysts have been resolute in […]
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Will UK Raise Rates This Week?
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 1, 2018
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The Bank of England should raise interest rates this week but also tell the public it will be ready to make a U-turn if Brexit talks sour or trade tensions with the United States escalate. The National Institute of Economic and Social Research (NIESR) stuck to its forecast for British economic growth of 1.4 percent […]
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EU Reject Key Elements Of Britain’s New Trade Proposal
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 27, 2018
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Sterling edged lower this morning and is poised to register its third consecutive weekly loss as concerns about the progress of Brexit negotiations trumped any optimism ahead of a likely interest rate hike next week. European Union Brexit negotiator Michel Barnier rejected key elements of Britain’s new trade proposals yesterday even as he and his […]
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Pound Gains After Theresa May Comments
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 26, 2018
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The pound rose yesterday to its highest in a week as traders bet that Prime Minister Theresa May’s decision to take control of Brexit negotiations would make it easier to agree a divorce deal with Brussels. With less than nine months before Britain is due to leave the European Union and May’s own Conservative Party […]
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Sterling Fights Back After Hitting 10 Month Lows
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 25, 2018
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The pound hit a five-day high versus the dollar as the greenback lost momentum, but the outlook for the British currency was clouded by fresh angst over Brexit and doubts about the economy. Weak economic data and renewed political uncertainty over the government’s Brexit position hammered sterling last week and sent it to 10-month lows. […]
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Volatility Ahead
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 23, 2018
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Sterling looks set for more volatility this week however amid growing talk of a likely “hard” Brexit — crashing out of the European Union without a trade deal in place. A weekend poll revealed Britons were overwhelmingly opposed to Prime Minister Theresa May’s Brexit plan and would instead support a new right-wing political party committed […]
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Sterling Continues To Slide
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 20, 2018
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The British pound steadied around the $1.30 mark on Friday as traders took stock at the end of a bruising week in which weak economic data and more political uncertainty around the government’s Brexit position hammered sterling. The currency dropped to its weakest, after worse-than-forecast retail sales data and slower-than-expected inflation rises combined with a […]
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UK Retail Sales Surprisingly Drop
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 19, 2018
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British retail sales grew by the most in over a decade in the second quarter of 2018, official data showed this morning, giving the Bank of England reassurance shoppers had shaken off a sluggish start to the year as it considers raising interest rates. However, the sales volumes came in way below market expectations and […]
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British Inflation Fails To Rise
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 18, 2018
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British inflation failed to rise as expected last month, potentially giving Bank of England policymakers pause for thought ahead of a widely expected interest rate hike next month. Despite motor fuel prices rising to their highest since September 2014, annual consumer price inflation held steady in June at 2.4 percent. The figure was at the […]
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