US Shutdown weakens US Dollar further
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 22, 2018
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The dollar was pinned near a three-year low today as a U.S. government shutdown encouraged investors to add to bearish bets against the greenback while the euro consolidated recent gains. Unless the U.S. government shutdown ends very quickly which may boost the dollar, markets are focusing on the two other economies this week, namely the […]
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Brexit vote in parliament today
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 17, 2018
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The dollar moved higher against a basket of currencies this morning as the euro paused after having rallied to more than three-year highs overnight amid growing expectations that the European Central Bank will scale back stimulus this year. Prime Minister Theresa May’s Conservative Party urged MPs to back the government’s Brexit legislation at a vote […]
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Sterling hits one week low
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 12, 2018
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Sterling slipped to a one-week low against the euro today, as the single currency soared on talk that the European Central Bank could start to change its message of expansionary monetary policy in the coming months. According to the minutes of its latest meeting, the ECB should revisit its communication stance in early 2018, suggesting […]
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Upbeat UK data this morning
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 10, 2018
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This morning we had the UK manufacturing and industrial production data released and both beat estimates. The GBP/USD pair maintained its offered tone for the second consecutive session, albeit managed to bounce off few pips from lows after mixed UK releases. The pair managed to recover around 15-20 pips from the 1.3500 neighbourhood and was […]
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May’s reshuffle was a shambles
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 9, 2018
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British Prime Minister Theresa May’s leadership team shake-up, designed to restore her authority and address divisions over Brexit, was branded a shambles after one minister quit and media reported another had refused to move jobs. May had hoped to reset her agenda and strengthen her hand as Britain moves to the second phase of talks […]
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Sterling slips off this morning
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 4, 2018
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The British Pound became one of the worst performing majors this morning in the early trading session as more sour news related to the UK crossed the wires. Earlier on Wednesday, the IMF downgraded its prediction for economic growth in this country to 1.6% this year from 1.7%. GfK consumer confidence clocked in at -13 […]
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Sterling starts the year positively
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 2, 2018
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Sterling kicked off the first trading day of 2018 by climbing to a three-month high against the dollar this morning as the greenback weakened broadly, ahead of a survey of Britain’s manufacturing sector. The pound, which in 2017 recorded its best annual performance against the dollar since 2009, with an almost 10 percent rise, added […]
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British businesses reported a pickup in growth
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 28, 2017
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British businesses reported a pickup in growth in the three months to December, but they expect a slowdown in early 2018 as high inflation takes its toll on households, the Confederation of British Industry said this morning. British inflation hit its highest level in nearly six years in November when it rose to 3.1 percent, […]
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The week ahead
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 18, 2017
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Last week ended negatively for the Pound, even though the UK and EU are now moving to the next phase of negotiations- the fact that this next phase will be more “testing” than the first has caused the Pound to be sold off as investors are still not confident. Another major event last week was […]
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UK Retail Sales up
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 14, 2017
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The pound hit daily highs after data showing that UK retail sales rose at a far faster pace than expected last month as investors await the outcome of the Bank of England’s monetary policy meeting later in the day. Retail sales jumped 1.1% in November, up from 0.5% in October and well ahead of economists’ […]
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