Strong Eurozone data hits Sterling
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 23, 2017
- No Comments
Sterling fell briefly below $1.28 for the first time since late June today and deepened its recent losses against the euro as gloom over Britain’s economic prospects and the Brexit process encouraged investors to push the pound lower. Sterling, which has fallen more than 3 percent against the dollar since the start of August, was […]
READ MORE
Sterling remains weak despite positive data
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 22, 2017
- No Comments
Britain unexpectedly posted its first budget surplus for any July since 2002, boosted by strong income tax payments, according to official today. The surplus in July stood at 184 million pounds, compared with last year’s 308 million pound deficit, the Office for National Statistics said. The figures were boosted by a 10.6 percent year-on-year rise […]
READ MORE
Sterling continues to struggle this morning
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 21, 2017
- No Comments
Sterling edged back this morning towards an almost 6-week low against the dollar as growing doubts around the progress of Brexit talks with Europe continued to weigh on the currency. Britain is due to release more information this week to outline its strategy positions in the divorce talks, with ministers striving to head off suggestions that negotiations […]
READ MORE
Pound falls against Euro yet again
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 18, 2017
- No Comments
Britain’s pound fell against the euro again today and was poised for a third consecutive week of losses as a global selloff in risky assets prompted investors to cut bets after a week of tepid U.K. data. With growing market expectations that the Bank of England is unlikely to raise interest rates over the coming […]
READ MORE
UK Retail Sales better than expected
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 17, 2017
- No Comments
Pound held its ground this morning ahead of a third day of monthly data on the economy that comes amid growing noise around the conduct of Brexit negotiations with Europe. Sterling fell to its weakest against the euro in 10 months on Wednesday and is trading around a five-week minimum against the dollar. It has […]
READ MORE
UK Unemployment falls to lowest in 42 years
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 16, 2017
- No Comments
Britain’s unemployment rate unexpectedly fell to its lowest since 1975, official data showed this morning. The unemployment rate in the three months to the end of June fell to 4.4 percent, against the average forecast for it to hold at 4.5 percent in a poll of economists. The figures on wage growth showed the challenge […]
READ MORE
UK Inflation Unchanged
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 15, 2017
- No Comments
British consumer price inflation unexpectedly held steady last month as fuel prices fell amid other signs that the squeeze on households’ spending power may slowly be starting to level off. Official figures today showed the pace at which manufacturers’ raw material costs are rising slowed by the most in over five years as the initial […]
READ MORE
Pound starts week under pressure
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 14, 2017
- No Comments
The Pound has remained under pressure over the last week due to lack of political developments regarding Brexit & weaker data showing that the UK economy is, in fact, contracting at the moment. On Friday, the GBPEUR exchange rate closed under 1.10 for the first time in a long while- Which isn’t a good sign […]
READ MORE
Sterling near 3 week low
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 11, 2017
- No Comments
Sterling held near a three-week low against the dollar today as investors grew wary about the outlook of the British economy after a mixed bag of data this week. The July bounce in sterling was on some expectations that the Bank of England will increase interest rates at its last policy meeting, but with fundamentals […]
READ MORE
UK Data worse than expected this morning
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 10, 2017
- No Comments
British industrial output unexpectedly picked up in June after oil producers delayed normal seasonal maintenance, but falling car production and a slide in construction bode poorly for future months. Britain’s economy showed only sluggish growth in the first half of 2017 as consumers battled with higher inflation triggered by last year’s vote to leave the […]
READ MORE
