Pound gains after strong PMI data
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 5, 2017
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Sterling jumped almost half a cent against the dollar on Wednesday after a survey of Britain’s dominant services sector showed activity at a three-month high in March and beating all forecasts in a Reuters poll. The Markit/CIPS Services Purchasing Managers’ Index (PMI), a closely watched gauge of Britain’s services sector, rose to 55.0 in March, […]
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Sterling falls against Dollar & Euro
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Sterling, UK, Uncategorised
- April 4, 2017
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Sterling slipped against the dollar, euro and yen today, kept under pressure by uncertainty over the terms of Britain’s exit from the European Union and by doubts over how soon the Bank of England will start raising interest rates. For sterling, political risk has been in the driving seat for nine months, with the currency […]
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UK Manufacturing Looses Pace
- Posted by currencies in Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 3, 2017
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Sterling slipped this morning after data showed British manufacturing lost momentum last month, the latest sign the economy may be running out of steam after its surprising resilience in the wake of last year’s Brexit vote. Financial data company Markit’s purchasing managers’ index (PMI) survey suggested growth in the sector had slowed in the first […]
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UK GDP as expected
- Posted by currencies in Brexit, Currency, Economy, EUR, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- March 31, 2017
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Sterling slipped against the dollar again, as investors readied for the European Union’s official response to Britain’s letter of exit from the bloc, as well the final verdict on Britain’s economic output last year. EU Council President Donald Tusk will send leaders of the other 27 member states his proposed negotiating guidelines for Brexit talks […]
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Article 50 : We wait for the EU response
- Posted by currencies in Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- March 30, 2017
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Sterling fell against the dollar, as investors awaited responses from European leaders and considered the forthcoming negotiations between Britain and the European Union, a day after Britain triggered its exit from the bloc. Yesterday, Prime Minister Theresa May formally began to take Britain out of the European Union in a divorce that will test the […]
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We trigger Article 50 today
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- March 29, 2017
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Sterling slipped to an eight-day low against the dollar today, just hours before Prime Minister Theresa May was due to trigger two years of negotiations to take Britain out of the European Union. Nine months after Britons voted to leave, May will notify EU Council President Donald Tusk that the UK really is quitting the […]
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What will happen to Sterling once we trigger Article 50
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Prime Minister, Sterling, UK, Uncategorised
- March 28, 2017
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Sterling traded within a tight range today, outperforming other major peers against the dollar, apparently disregarding Britain’s looming formal launch of negotiations on leaving the European Union. British Prime Minister Theresa May will trigger Article 50 of the EU constitution with a formal notification of Britain’s intent to leave the bloc tomorrow, kicking off a […]
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Article 50 will be triggered this Wednesday
- Posted by currencies in Bank of England, Brexit, Currency, EUR, GBP, Inflation, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- March 27, 2017
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It seems like a very long time ago that the UK public came out and voted to leave the EU, after all of the issues in the Houses of Commons and in the Supreme Court, finally on Wednesday we will see the PM begin the process of leaving the EU. Last week we did see […]
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Pound drops due to Brexit worries
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Retail Sales, Sterling, UK, Uncategorised
- March 24, 2017
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Sterling fell against the dollar and euro today, retreating from the previous session’s one-month highs, as investors braced for Britain’s beginning the formal process of leaving the European Union next week. An interview with Bank of England policymaker Gertjan Vlieghe in The Times also laid out the argument for the Bank looking through further rises […]
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UK Retail Sales better than expectations
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Retail Sales, Sterling, UK, Uncategorised
- March 23, 2017
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Sterling hit a one-month high against the dollar this morning, after UK retail sales data came in much higher than expected, soothing worries about weakening consumer sentiment in Britain as it prepares to leave the European Union. Sales volumes in February rose by 1.4 percent from January, beating the 0.4 percent increase forecast by a […]
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