Pound up after worst month in the last 10
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 1, 2017
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Britain’s factories grew a lot more strongly than expected in August as work flowed in from home and abroad, a survey showed this morning, suggesting the economy might be picking up speed after a slow first half of 2017. The Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) jumped to 56.9 from 55.3 in July, higher […]
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Sterling set for 4th month of losses
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 30, 2017
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British consumer credit expanded at the weakest pace in more than a year during July, reflecting the squeeze on household finances this year, Bank of England data showed this morning. Annual growth in consumer credit slowed to 9.8 percent from 10.0 percent in July, the weakest increase since April 2016, the BoE said. Britain’s economy […]
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Sterling gains against USD
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 29, 2017
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Sterling rose to two-week highs against the dollar today after escalating tensions in the Korean peninsula added to the greenback’s woes. The pound has risen more than 1 percent against the dollar since Friday since Federal Reserve Chair Janet Yellen failed to offer any support to the dollar at a central bank conference last week. […]
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Sterling hits fresh new lows
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 24, 2017
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Sterling fell to a new two-month low against the dollar today as the lack of any major economic data encouraged investors to add bets against the British currency. We have been quite bearish about the British pound for some time and I think this trend is justified given its worsening fundamentals such as a widening […]
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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
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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 […]
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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
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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 […]
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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
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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 […]
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UK Inflation Unchanged
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 15, 2017
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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 […]
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Sterling near 3 week low
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 11, 2017
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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 […]
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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
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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 […]
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