UK Construction drops to a 1 year low
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 4, 2017
- No Comments
Growth in Britain’s construction firms fell unexpectedly to a one-year low in August, hit by an investment slump in the commercial sector as Brexit uncertainty weighed on the economy. Countering more upbeat news about the economy last week, the Markit/CIPS Construction Purchasing Managers’ Index (PMI) fell to 51.1 from 51.9 in July, closer to the […]
READ MORE
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
- No Comments
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 […]
READ MORE
Daily Currency Update
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 31, 2017
- No Comments
Sterling rebounded from 11-month lows to gain over half a percent versus the euro on Wednesday on speculation the European Central Bank might not tolerate a strengthening single currency for too long. Focus remains on euro area inflation in August. Yesterday’s German and Spanish figures were both higher than expected but the upside surprise was […]
READ MORE
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
- No Comments
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 […]
READ MORE
Sterling hits fresh new lows
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 24, 2017
- No Comments
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 […]
READ MORE
Strong Eurozone data hits Sterling
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 23, 2017
- No Comments
Sterling fell briefly below $1.28 for the first time since late June today and deepened its recent losses against the euro as gloom over Britain’s economic prospects and the Brexit process encouraged investors to push the pound lower. Sterling, which has fallen more than 3 percent against the dollar since the start of August, was […]
READ MORE
Sterling remains weak despite positive data
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 22, 2017
- No Comments
Britain unexpectedly posted its first budget surplus for any July since 2002, boosted by strong income tax payments, according to official today. The surplus in July stood at 184 million pounds, compared with last year’s 308 million pound deficit, the Office for National Statistics said. The figures were boosted by a 10.6 percent year-on-year rise […]
READ MORE
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
- No Comments
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 […]
READ MORE
UK Retail Sales better than expected
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 17, 2017
- No Comments
Pound held its ground this morning ahead of a third day of monthly data on the economy that comes amid growing noise around the conduct of Brexit negotiations with Europe. Sterling fell to its weakest against the euro in 10 months on Wednesday and is trading around a five-week minimum against the dollar. It has […]
READ MORE
UK Inflation Unchanged
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 15, 2017
- No Comments
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 […]
READ MORE
