UK GDP drops to 1.5%
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 29, 2017
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Britain’s economy recorded its weakest year-on-year growth since 2013 in the three months to the end of June, and the major services sector contracted in July, showing a possible loss of momentum as the Bank of England prepares to raise interest rates for the first time in a decade. Official data showed year-on-year gross domestic […]
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Euro Weaker after German Elections
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 25, 2017
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This morning’s exchange rates are listed at the bottom of this article. The prices are for indication only. Please contact us for live rates. The euro snapped a two-day rising streak and edged lower today after the German election results prompted some investors to lock profits into one of the most profitable currency trades of […]
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Britain waits on PM’s speech
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 22, 2017
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Sterling traded within a tight range against the dollar today while investors waited for a speech by British Prime Minister Theresa May in which she is expected to try to rescue stalled Brexit talks. Investors will watch to see if May can offer enough to European Union negotiators to persuade them to move talks forward, […]
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Retail Sales Boost Pound
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 20, 2017
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Sterling jumped by almost a cent against the dollar on Wednesday after data showed British retail sales surged unexpectedly in August, increasing pressure on the Bank of England to lift interest rates from their record lows. The numbers showed a sharp pick-up in monthly sales growth to 1.0 percent, the fastest since April and far […]
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Sterling drops off after Carney’s comments
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 19, 2017
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Sterling steadied above $1.35 today, recovering some ground following a nearly 1 percent slide after Bank of England governor Mark Carney said interest rates rises in coming months would be limited and gradual. The pound rose as much as 3.3 percent last week, jumping more than four cents to $1.3618 on the back of hawkish […]
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Sterling hits 15 month high vs US Dollar
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, David Cameron, Dollar, Economy, EUR, GBP, Home, Inflation, Mark Carney, Message, Sterling, UK, Uncategorised
- September 18, 2017
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Sterling hit a 15-month high against the dollar today before retreating a notch as investors wound back some of last week’s bets on a Bank of England rate rise ahead of a speech by the central bank’s governor Mark Carney. The pound rocketed past $1.36 to its strongest since the Brexit vote on Friday after […]
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Sterling hits 14 month high
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 15, 2017
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Britain’s pound hit a 14-month high against the dollar today and was heading for its best week in more than eight years on a trade-weighted basis, as traders stacked up bets on a near-term interest rate rise from the Bank of England. Dominated lately by moves in the dollar and the euro, sterling drew renewed […]
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Focus on BOE meeting & US Inflation data
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 14, 2017
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The spotlight today is on the BoE. In August, the MPC kept interest rates unchanged at 0.25% but two members of the committee – McCafferty and Saunders – voted for an immediate hike in interest rates. Developments in the economic outlook since that meeting have been limited and while political uncertainty has risen, on balance, […]
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UK Economy is on a decline
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- September 5, 2017
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Britain’s economy is losing momentum as worries about Brexit mount, according to a survey which showed growth in the country’s dominant services sector in August was at its weakest in nearly a year. The Services Purchasing Managers’ Index fell to 53.2 in August from 53.8 in July and below the median forecast of 53.5 in […]
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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
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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 […]
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