Sterling Continues Decline – Budget Today 12:30 GMT
- Posted by currencies in Bank of England, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Phillip Hammond, Prime Minister, Sterling, UK, Uncategorised
- March 8, 2017
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Sterling fell to a seven-week low today ahead of a British budget expected to raise economic forecasts but remain thrifty as Chancellor of Exchequer Philip Hammond targets curbing a big fiscal deficit. Hammond is due to announce his tax and spending plans for the year at 1230 GMT, in Britain’s first full budget statement since […]
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Sterling Hits 7 Week Low Against Euro & Dollar
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- March 7, 2017
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Sterling slips to a seven-week low against the euro, weakened by uncertainty over when the formal mechanism for Britain’s departure from the European Union would be triggered, as well as a run of weak UK data. The British parliament’s upper house will today try to force the government to give lawmakers a greater say over […]
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Sterling begins to slide as economic data comes out weaker than expected.
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- March 6, 2017
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Following the confirmation of Article 50 (March 15th) and the back and forth between the House of Commons & House of Lords last week, the only thing left to weaken off the Pound was economic data, and this was done on Friday morning after the release of UK PMI (Purchasing Manager Index) data. Since the […]
READ MORETheresa May Will Trigger Article 50 On 15th March
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- March 3, 2017
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Yes, you read that correctly, it is finally going to happen! For those of you who haven’t seen the latest from the House of Lords, Theresa May was defeated after the House stated that Ministers should guarantee EU national’s the right to stay in the UK after Brexit. The House of Lords has now passed […]
READ MOREHouse Of Lords Vote To Reject Brexit Bill
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, Inflation, Mark Carney, Sterling, UK, Uncategorised
- March 2, 2017
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The House of Lords voted 358 to 256 against the EU (Notification Of Withdrawal) Bill that is required for Theresa May to trigger Article 50 and begin the exit process. A majority of 102 members backed a Labour amendment to guarantee the rights of EU nationals who currently reside in the UK to remain after […]
READ MOREWeak UK Economic Numbers Today
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, Prime Minister, Sterling, UK, Uncategorised
- March 1, 2017
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Another slightly weaker than expected batch of economic numbers, this time on manufacturing sentiment, prodded the pound a touch lower against a broadly stronger dollar this morning, crimping its gains against the euro to a quarter of a percent. Sterling has been struggling in the face of figures in the past fortnight suggesting the UK […]
READ MOREPound Suffers Due To Second Scottish Referendum News
- Posted by Shyam Gokani in Bank of England, Brexit, Dollar, Economy, EUR, GBP, Inflation, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 28, 2017
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Sterling traded close to a two-week low against the dollar today as investors awaited a speech by U.S. President Donald Trump, with the pound kept under pressure by worries about the future of Britain as it leaves the European Union. The pound fell to lows on Monday, its weakest in a fortnight, on reports that […]
READ MORESterling Devalues Due To Fresh Uncertainty
- Posted by Shyam Gokani in Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- February 27, 2017
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Sterling fell against major currencies this morning, as the prospect of another Scottish independence vote and signs a major merger was unlikely to go through renewed fears about Britain’s future as it prepares to leave the European Union. A report in the Times newspaper said British prime minister Theresa May is preparing for Scotland to […]
READ MORESterling Has Best Week Since January
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- February 24, 2017
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Sterling slipped from a 2-week high to the dollar this morning but was still on track for its strongest week since January as concerns about politics in the United States and Europe took investors’ focus off immediate Brexit worries. Besides the Brexit bill making its way through Britain’s upper house of parliament, a week largely […]
READ MOREUS – Fed To Raise Rates Fairly Soon
- Posted by Shyam Gokani in Brexit, Currency, Dollar, EUR, GBP, Sterling, UK, Uncategorised
- February 23, 2017
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Federal Reserve officials have said they may need to raise interest rates “fairly soon” if the economy stays strong, minutes of their meeting show. The first meeting of the Fed since Donald Trump took office as president discussed the possibility of a rate rise as early as March. Most economists have been forecasting a rise […]
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