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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Pound sinks after dovish Mark Carney speech
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 3, 2017
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Sterling extended losses today, slipping to a one-month low against the dollar, as the Bank of England’s plans to take a “very gradual” approach to raising interest rates sent investors rushing to exit positions. The central bank said it expected Thursday’s rate hike, the first in over a decade, would be followed by just two […]
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Super Thursday – Rate Rise
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 2, 2017
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Sterling steadied this morning, consolidating some chunky gains this week, especially against the euro, before a historic Bank of England policy decision where it is widely expected to raise interest rates for the first time in nearly a decade. With a rate hike virtually priced into the market, analysts would be keenly watching whether BoE […]
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GBP/EUR at 3 month high
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 1, 2017
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Sterling hit a 3-1/2-month high against the euro on today as investors focused on a Nov. 2 Bank of England policy decision they expect will produce the first interest rate hike in over a decade. Manufacturing purchasing managers survey (PMI) was released at 0930 GMT which came in at 56.3 beating expectations of 55.8 Figures […]
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Big week ahead for Sterling
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 30, 2017
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Britain’s housing market and consumer economy kept most of their momentum last month, lending figures from the Bank of England showed today, leaving the central bank on track to raise interest rates for the first time in more than decade on Thursday. Moreover, with inflation at a five-year high of 3.0 percent and unemployment at […]
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Sterling down slightly against Euro
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 27, 2017
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The British pound slipped against the dollar today, as investors looked cautiously ahead towards a Bank of England policy meeting next week which could see interest rates rise for the first time in over a decade. The market is priced for a hike after BoE rate-setters next meet on Nov. 2, but continued uncertainty over […]
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Brexit continues to drag Sterling down
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 26, 2017
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Sterling climbed to a 9-day high today as strong growth data boosted expectations the Bank of England would raise interest rates next week. Wednesday’s gross domestic product growth for the quarter beat expectations, bolstering the chances of a rate hike after the next BoE meeting on Nov. 2 and fuelling discussions over whether that would […]
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Brexit negotiations are main sterling driver
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- October 23, 2017
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Sterling exchange rates have been stuck in limbo due to comments made by EU officials following recent Brexit negotiations- fortunately, Donald Tusk (EU Council President) announced that recent comments made by Michel Barnier about Brexit talks hitting a “Deadlock” were over exaggerated and progression has been made between the UK & EU- Though this progress […]
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