UK CPI & RPI Weaker
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 17, 2018
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Sterling drops notably just after September consumer inflation data came in lower than expected. Headline CPI slowed to 2.4% yoy, down from 2.7% yoy and missed expectation of 2.8% yoy. Core Inflation slowed to 1.9% yoy, down from 2.1% yoy and missed expectation of 2.1% yoy. The ONS noted that “The largest downward contribution to […]
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Pound Euro Could Hit 1.1970
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 12, 2018
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Sterling rose against a weaker dollar on Thursday on hopes of a Brexit deal, but concern among investors about the Ireland border issue kept gains in check. Hopes are building that a trade deal between the European Union and Britain can be struck before an EU summit on Oct. 18. The pound has risen for […]
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Barnier Throws Spanner In The Works
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 11, 2018
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On Wednesday Sterling rose half a percent after European Union Brexit negotiator Michel Barnier signalled progress on a deal with the UK over its withdrawal from the bloc, as well as on the crucial Irish border question. Barnier said 80-85 percent of the withdrawal deal was agreed. However, this morning the pound has dropped by […]
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The Week Ahead
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 1, 2018
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The Pound held pretty steadily last week against the Euro & Dollar through the beginning of last week until the Federal Reserve put up interest rates and traders started selling off the Pound prior to the Conservative Party Conference. Over the last few months we have seen a significant divide in the Conservative party and a […]
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Economy Grows Slightly Slower Than Expected
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 28, 2018
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Sterling fell this morning after data showed that British companies had cut their investment in the second quarter of 2018 and the economy grew slightly slower than previously thought. The pound had already been under pressure as investors’ optimism for a Brexit trade deal has declined ahead of the ruling Conservative party’s annual conference next […]
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Sterling Hits Six Week High
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 18, 2018
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The pound is at a six-week high, helped by a weaker dollar and reports of progress on the Irish border question, an obstacle to Brexit diplomats will try to overcome this week at a European Union summit. The United Kingdom is due to leave the EU on March 29 but no full exit agreement has […]
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UK GDP Grows At Fastest Pace In A Year
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 10, 2018
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Britain’s economy grew at its fastest pace in almost a year during the three months to July, boosted by stronger consumer spending due to the World Cup and warm weather. Gross domestic product in the three months to July was 0.6 percent higher than in the previous three-month period, gathering pace from 0.4 percent recorded […]
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UK Data Strong – No Impact On Sterling
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 5, 2018
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Sterling edged lower for a fifth consecutive day as a resurgent dollar and mounting concerns over Brexit negotiations sapped demand for the British currency. An overnight bounce in the pound after a report that the European Union could offer new guarantees to Britain to win London’s support for a solution aimed at avoiding a hard […]
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Brexit Woes & Weak Data
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 4, 2018
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The British pound was set for its biggest daily drop against the euro in more than three months as concerns grew about the progress of Brexit negotiations. Sentiment was also further sapped by manufacturing data that underscored the weak state of the British economy. Traders bought sterling last week after the European Union’s chief Brexit […]
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Positive UK Data Having Zero Impact On Sterling Value
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- August 24, 2018
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The British pound slipped against the euro to within a whisker of its weakest since September 2017, hurt by a rally in the single currency and concerns about whether Britain can secure itself a trading deal with the European Union. Sterling has had a tough month so far, hit by concerns Britain could crash out […]
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