Sterling lower due to Conservatives Uncertainty
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 8, 2017
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Sterling slipped today following a string of scandals in the ruling Conservative party. There is evidence of growing doubts over Prime Minister Theresa May’s ability to deliver a good Brexit deal which is putting pressure on the pound. Despite Britain heading into another round of divorce negotiations with the European Union later this week, investors’ […]
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Dollar gains across the board
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 7, 2017
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Sterling recouped some losses on Monday after slipping against for three consecutive weeks, but any strong gains were checked by continued uncertainty around Brexit talks and instability in the governing Conservative party. Investors are monitoring the negotiations around Britain’s future relationship with the European Union for the impact not only on business confidence and economic […]
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Pound recovers after big losses
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 6, 2017
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Sterling rebounded modestly after its biggest one-day fall since the week after June 2016’s Brexit vote, with robust services data barely cushioning the blow from the Bank of England’s pushing-back of rate hike expectations on Thursday. Despite the Bank raising rates for the first time in over a decade, it also told markets to expect […]
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Pound sinks after dovish Mark Carney speech
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 3, 2017
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Sterling extended losses today, slipping to a one-month low against the dollar, as the Bank of England’s plans to take a “very gradual” approach to raising interest rates sent investors rushing to exit positions. The central bank said it expected Thursday’s rate hike, the first in over a decade, would be followed by just two […]
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GBP/EUR at 3 month high
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 1, 2017
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Sterling hit a 3-1/2-month high against the euro on today as investors focused on a Nov. 2 Bank of England policy decision they expect will produce the first interest rate hike in over a decade. Manufacturing purchasing managers survey (PMI) was released at 0930 GMT which came in at 56.3 beating expectations of 55.8 Figures […]
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Bank of England Raise Rates?
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 31, 2017
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Sterling consolidated gains today as the market geared up for a rate rise from the Bank of England this week when investors will analyse the bank’s statement for the future direction of interest rates. With continued Brexit uncertainty and a mixed bag of results for the British economy, the expected rate hike is likely to […]
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Big week ahead for Sterling
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 30, 2017
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Britain’s housing market and consumer economy kept most of their momentum last month, lending figures from the Bank of England showed today, leaving the central bank on track to raise interest rates for the first time in more than decade on Thursday. Moreover, with inflation at a five-year high of 3.0 percent and unemployment at […]
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Sterling down slightly against Euro
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 27, 2017
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The British pound slipped against the dollar today, as investors looked cautiously ahead towards a Bank of England policy meeting next week which could see interest rates rise for the first time in over a decade. The market is priced for a hike after BoE rate-setters next meet on Nov. 2, but continued uncertainty over […]
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Brexit continues to drag Sterling down
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 26, 2017
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Sterling climbed to a 9-day high today as strong growth data boosted expectations the Bank of England would raise interest rates next week. Wednesday’s gross domestic product growth for the quarter beat expectations, bolstering the chances of a rate hike after the next BoE meeting on Nov. 2 and fuelling discussions over whether that would […]
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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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