Sterling drops off after Carney’s comments
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 19, 2017
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Sterling steadied above $1.35 today, recovering some ground following a nearly 1 percent slide after Bank of England governor Mark Carney said interest rates rises in coming months would be limited and gradual. The pound rose as much as 3.3 percent last week, jumping more than four cents to $1.3618 on the back of hawkish […]
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Sterling hits 15 month high vs US Dollar
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, David Cameron, Dollar, Economy, EUR, GBP, Home, Inflation, Mark Carney, Message, Sterling, UK, Uncategorised
- September 18, 2017
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Sterling hit a 15-month high against the dollar today before retreating a notch as investors wound back some of last week’s bets on a Bank of England rate rise ahead of a speech by the central bank’s governor Mark Carney. The pound rocketed past $1.36 to its strongest since the Brexit vote on Friday after […]
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Sterling hits 14 month high
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 15, 2017
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Britain’s pound hit a 14-month high against the dollar today and was heading for its best week in more than eight years on a trade-weighted basis, as traders stacked up bets on a near-term interest rate rise from the Bank of England. Dominated lately by moves in the dollar and the euro, sterling drew renewed […]
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Focus on BOE meeting & US Inflation data
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 14, 2017
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The spotlight today is on the BoE. In August, the MPC kept interest rates unchanged at 0.25% but two members of the committee – McCafferty and Saunders – voted for an immediate hike in interest rates. Developments in the economic outlook since that meeting have been limited and while political uncertainty has risen, on balance, […]
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Sterling drops after yesterdays gains
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 13, 2017
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Britain’s unemployment rate unexpectedly fell further to its lowest since 1975 during the three months to July, but wage growth proved even more subdued than expected, official figures showed this morning. The data are likely to deepen division at the Bank of England over whether the time for an interest rate rise is nearing and […]
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Focus on ECB meeting today
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 7, 2017
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Sterling inched lower today, with dealers citing growing resistance to any further recovery against the dollar on a day set to be dominated by events in Europe and the United States. The pound has been supported by broad-based US dollar weakness in 2017. On the other side, UK data has also been struggling and on […]
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Biggest daily rise for GBP
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 6, 2017
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Sterling consolidated gains today, a day after posting its biggest daily rise in nearly two months, as investors trimmed some bearish bets before a parliamentary debate over the government’s European Union repeal bill. Sterling remains very headline-sensitive to politics but the protracted weakness in the currency may start to play a bigger role in central […]
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UK Economy is on a decline
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 5, 2017
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Britain’s economy is losing momentum as worries about Brexit mount, according to a survey which showed growth in the country’s dominant services sector in August was at its weakest in nearly a year. The Services Purchasing Managers’ Index fell to 53.2 in August from 53.8 in July and below the median forecast of 53.5 in […]
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UK Construction drops to a 1 year low
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 4, 2017
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Growth in Britain’s construction firms fell unexpectedly to a one-year low in August, hit by an investment slump in the commercial sector as Brexit uncertainty weighed on the economy. Countering more upbeat news about the economy last week, the Markit/CIPS Construction Purchasing Managers’ Index (PMI) fell to 51.1 from 51.9 in July, closer to the […]
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Pound up after worst month in the last 10
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 1, 2017
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Britain’s factories grew a lot more strongly than expected in August as work flowed in from home and abroad, a survey showed this morning, suggesting the economy might be picking up speed after a slow first half of 2017. The Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) jumped to 56.9 from 55.3 in July, higher […]
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