Sterling hits a 9 month high
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 13, 2018
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Sterling has continued to gain against the euro, however, this could be affected next week when we have the UK wage data and employment figures released. We believe that wage growth including bonuses may slow slightly whereas the unemployment is expected to be up – both could have a negative impact on the pound. On […]
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Sterling starts the week on the up
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 9, 2018
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Sterling rose against the euro and dollar this morning and is on track for a third consecutive day of gains as investors are encouraged by data showing British house prices rising more than expected in March. Since Britain signed a transition agreement last month to cover the 21-month period after it leaves the European Union, […]
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UK Construction lower than expected
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- April 4, 2018
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Sterling was on track for its fourth consecutive day of gains against the dollar on Wednesday as traders paused ahead of a survey of Britain’s construction sector. However, the construction data came in worse than expected at 47.0 compared to an expected 51. The pound did not lose ground on the back of this result […]
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Sterling recovers from recent losses
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 28, 2018
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Yesterday the most volatile currency in the market was the pound, with GBPUSD dropping sharply before recovering, perhaps on the back of news that the UK will offer a resolution soon on the Irish border issue sooner rather than later. The euro consolidated gains on Wednesday after hitting a six-week high in the previous session […]
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Sterling up after May rate rise on the cards
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 26, 2018
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The pound rallied last week after Britain secured itself a Brexit transition deal with the European Union, official data showed British workers’ wages growing at their fastest rate in nearly 2-1/2 years and the BoE confirmed its hawkish tilt. On Friday, a policy member Vlieghe indicated that the bank base rate would need to rise […]
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Pound hits 7 week highs
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 22, 2018
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The pound to a 7-week high this morning as for the Bank of England meeting at which the central bank is expected to talk up a rate rise in May. The pound, helped by a dollar that weakened overnight following the U.S. Federal Reserve meeting, has rallied this week after the European Union and Britain […]
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UK wage data beats expectations
- Posted by currencies in Uncategorised
- March 21, 2018
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The pound rose this morning after the latest UK jobs report showed that wage growth picked up, fuelling expectations for a rate hike by the Bank of England, possibly as soon as May. The Office for National Statistics reported that average earnings, including bonuses, rose by 2.8% from 2.6% a month earlier. Excluding bonuses, average […]
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UK Inflation lower than expected
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 20, 2018
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The British pound dropped off slightly after data showed UK inflation slowed more than forecast in February, the first in a series of economic reports due during a week when the Bank of England is expected to signal interest rates will rise as early as May. Britain’s agreement with the European Union on Monday for […]
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Pound continues gains
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 16, 2018
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The pound is poised for its biggest weekly rise in a month against the dollar as investors became cautiously optimistic that Britain would strike a deal at a summit next week over a transition period for its EU exit. While sticking points remain such as a deadlock over the Irish border issue and recent headlines […]
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Pound up against dollar & euro
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- March 15, 2018
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The dollar was pinned near one-week lows against a basket of major currencies today as concerns over trade protectionism and political turmoil in Washington continued to weigh. Investors continued to be concerned that growing trade tensions could act as a drag on the global economy after U.S. President Donald Trump sought to impose tariffs on […]
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