Sterling hits 11 year high
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 1, 2017
- No Comments
Pound climbed to its highest levels against the dollar since mid-September today, as data showing UK manufacturing growth recovered from a seven-month low in July eased concerns about an economic slowdown. This morning’s Purchasing Managers’ Index (PMI) survey climbed to 55.1, exceeding the 54.4 consensus in a Reuters poll of economists, helped by the biggest […]
READ MORE
Big Week Ahead – GBP/USD above 1.31
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 31, 2017
- No Comments
Britain’s pound traded above $1.31 today, close to a 10-month high, as investors eyed this week’s Bank of England “Super Thursday” for a steer on whether record-low interest rates could soon be lifted for the first time in more than a decade. Sterling has been supported in recent weeks by expectations that the Bank might […]
READ MORE
Pound Surges Against US Dollar
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 27, 2017
- No Comments
Sterling hit a 10-month high against a broadly weaker dollar today, after the U.S. Federal Reserve left policy unchanged and appeared less confident about inflation picking up, which investors took as a sign rates could be kept low for longer. The market focused on the central bank’s noting that both overall and core inflation had […]
READ MORE
UK Economy Picks Up
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 26, 2017
- No Comments
Britain’s economy gathered only a little speed in the second quarter after almost stalling at the start of the year, propped up by the services sector and a booming film industry, official figures showed on this morning. Growth of 0.3 percent on the quarter was up from 0.2 percent in the first quarter, a figure […]
READ MORE
Sterling hovers around $1.30
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 25, 2017
- No Comments
Sterling steadied just above $1.30 today, unable to break out against a broadly weaker dollar as worries over Brexit and the pace of UK economic growth swirl. The pound recovered from its worst week against the euro in nine months on Monday as investors took profit on gains for the single currency and ministers talked […]
READ MORE
Sterling slightly recovers after 9 month low against the Euro
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 24, 2017
- No Comments
Sterling edged up against the euro today, recovering from its worst week against the single currency in nine months and its lowest levels this year, as the euro dipped on weak German manufacturing data. The pound lost more than 2.5 percent against the euro last week, hitting an eight-month low on Friday, as the single […]
READ MORE
Sterling/Euro – 8 month low
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 21, 2017
- No Comments
Sterling skidded to an eight-month low against the euro, trading close to 90 pence after the head of the European Central Bank said possible changes to policy would be discussed in the autumn. Though Mario Draghi said no date had been set for discussing any changes to the programme and that ECB rate-setters had been […]
READ MORE
Sterling stays lower this morning
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 19, 2017
- No Comments
Sterling slipped back towards $1.30 today, adding to falls the previous day after weak inflation data poured cold water on expectations that the Bank of England will hike rates this year. The pound had risen above $1.31 to ten-month highs earlier in the week as the dollar fell across the board, and as investors bet […]
READ MORE
Sterling slips as Brexit negotiations continue
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 17, 2017
- No Comments
Sterling slipped back below $1.31 this morning after soaring to its highest levels in 10 months at the end of last week on a broad dollar sell-off. The pound jumped almost 2 cents on Friday to hit $1.3113, its strongest since last September, after U.S. inflation and retail sales data came in weaker than expected, […]
READ MORE
Sterling Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- July 14, 2017
- No Comments
Sterling rose against the dollar today, investors still weighing the likelihood of an interest rate rise from the Bank of England after labour market data this week offset some worries over Britain’s exit from the European Union. The pound has recovered from its losses after Britain’s election in June as a number of BoE policymakers […]
READ MORE
