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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Brexit negotiations are main sterling driver
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 23, 2017
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Sterling exchange rates have been stuck in limbo due to comments made by EU officials following recent Brexit negotiations- fortunately, Donald Tusk (EU Council President) announced that recent comments made by Michel Barnier about Brexit talks hitting a “Deadlock” were over exaggerated and progression has been made between the UK & EU- Though this progress […]
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UK pay growth lags behind Inflation
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, David Cameron, Dollar, Economy, EUR, GBP, Home, Inflation, Mark Carney, Sterling, UK, Uncategorised
- October 18, 2017
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Sterling got only a temporary boost from data showing British wage growth edged above forecasts this morning, rising briefly against the dollar before dropping off again. British pay growth has lagged behind inflation again, official data showed, but the figures are likely to cement expectations among investors that the Bank of England will soon raise […]
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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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Euro drops on stimulus speculation
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 16, 2017
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The euro slipped this morning after posting its biggest weekly rise in a month as traders took profits, though markets were wary of chasing the currency lower before a European Central Bank policy meeting next week. With some political uncertainty in the form of an approaching deadline over Catalonia’s bid for independence and Austria’s election […]
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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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Pound gains against US Dollar
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 12, 2017
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Sterling edged higher today against a tepid dollar, despite a backdrop of uncertain Brexit negotiations. Signals from the U.S. Federal Reserve that central bankers were still concerned about persistently low inflation helped bump the pound to $1.3244, its highest point since October 4th. The cable’s gains have been driven primarily by weakness in the dollar […]
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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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Britain’s trade deficit hits a all time high
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 10, 2017
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British factories had their strongest two months of 2017 in July and August, suggesting the Bank of England remains on track to raise interest rates soon, but the deficit in trade in goods hit an all-time high. The data showed Britain’s economy remained in a low-growth gear in the third quarter after suffering its slowest […]
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Sterling suffered major blows last week
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 9, 2017
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Britain’s pound fell to four-week lows last week, amid growing uncertainty over Prime Minister Theresa May’s control of the leadership and strong U.S labour market data that boosted the dollar. Sterling was on track for its worst week in a year against the dollar and on a trade-weighted basis, after a more than 2 percent […]
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