Dollar gains across the board
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 7, 2017
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Sterling recouped some losses on Monday after slipping against for three consecutive weeks, but any strong gains were checked by continued uncertainty around Brexit talks and instability in the governing Conservative party. Investors are monitoring the negotiations around Britain’s future relationship with the European Union for the impact not only on business confidence and economic […]
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Pound recovers after big losses
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 6, 2017
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Sterling rebounded modestly after its biggest one-day fall since the week after June 2016’s Brexit vote, with robust services data barely cushioning the blow from the Bank of England’s pushing-back of rate hike expectations on Thursday. Despite the Bank raising rates for the first time in over a decade, it also told markets to expect […]
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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
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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 […]
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Bank of England Raise Rates?
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 31, 2017
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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 […]
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Sterling down slightly against Euro
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 27, 2017
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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 […]
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Brexit continues to drag Sterling down
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 26, 2017
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Sterling climbed to a 9-day high today as strong growth data boosted expectations the Bank of England would raise interest rates next week. Wednesday’s gross domestic product growth for the quarter beat expectations, bolstering the chances of a rate hike after the next BoE meeting on Nov. 2 and fuelling discussions over whether that would […]
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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
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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 […]
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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
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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 […]
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Sterling at a 10 day high
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 13, 2017
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Sterling rose today to a 10-day high, boosted by a report in a German newspaper that the European Union could offer Britain a two-year transitional Brexit deal. The pound had tumbled on Thursday after the EU’s chief Brexit negotiator Michel Barnier told reporters that talks around Britain’s divorce payment had hit an “impasse”. Last week, […]
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Sterling looses ground as Euro gains
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 11, 2017
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The euro climbed to a two-week high today on relief that Catalonia had stopped short of formally declaring independence from the rest of Spain. Sterling was flat on Wednesday after two sessions of gains as doubts emerged on whether entrenched expectations of higher UK interest rates were reasonable given a backdrop of uncertain Brexit negotiations. […]
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