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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Steady Sterling for 2018
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 5, 2018
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The British pound is set to mostly hold steady against both the dollar and the euro this year, but much will hinge on progress in Britain’s talks with Brussels on its withdrawal from the European Union. Currency strategists weren’t brimming with optimism on how the next stage of talks will go, but most do not […]
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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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UK Inflation hits a 6 year high!
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 12, 2017
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This week will be all about the central banks. Three major institutions will have their interest rate decisions: FED, ECB, and BoE. From that three, only in the US, we should see some changes. However, the BoE will be under pressure to raise rates again early next year as this morning’s data shows UK inflation […]
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Pound drops on Brexit uncertainty
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 6, 2017
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Sterling dropped to 8-day lows yesterday as investors and analysts are very sceptical in regard to Prime Minister Theresa May being able to agree a deal with the EU in the coming week. If there is a failure to agree on terms we could see us in this same position come February, this would add […]
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Pound gains against a weakening Euro
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 21, 2017
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The euro continues to weaken this morning, continuing from yesterday’s biggest fall in nearly a as investors shrugged aside concerns of any fallout from the German political deadlock for now. Elsewhere, the dollar stuck close to a one-week high against a basket of currencies. The U.S. data calendar is relatively sparse ahead of the Thanksgiving […]
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UK Wage Data Released
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 15, 2017
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This morning we have had a lot of data released surrounding wage growth, claims and unemployment rates in the UK. The results of the data showed us that a number of people in the UK working actually dropped to a level lower than we have seen in the last 2 years. This shows the pressure […]
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Pound suffers due to parliament uncertainty
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 13, 2017
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Sterling dropped off this morning after media reports on the weekend that Theresa May is struggling with her party at a time when Brexit talks are at a critical point. The pressure on the pound came as it was said the 40 members of parliament have no confidence in the prime minister and this could […]
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